debt
confidence high
sentiment neutral
materiality 0.55
V2X refinances $900M first lien term loans, extends maturity to Dec 2030
V2X, Inc.
- Amendment No. 5 to First Lien Credit Agreement creates new $899.8M term loans maturing Dec 6, 2030.
- New loans bear interest at SOFR + 2.25% (floor 0.75%) or base rate + 1.25%.
- Royal Bank of Canada provides $58.9M as Additional Lender; existing lenders convert their 2024 Term Loans.
- New loans replace all existing term loans; quarterly amortization of ~1% per annum.
- Voluntary prepayment permitted without premium (except certain repricing events within specified period).