secwatch / observer
8-K filed October 4, 2023, 7:59 PM ET ticker VVX CIK 0001601548
debt confidence high sentiment neutral materiality 0.55

V2X, Inc. (VVX): debt financing — V2X subsidiary refinances $911.125M term loans, extends maturity to Dec 2028

V2X, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

V2X, Inc. incurred term loan of $911,125,000 with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto at SOFR plus a margin of 3.25% per annum maturing December 6, 2028.

Instrument
term loan
Principal
$911,125,000
Counterparty
Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto
Rate
SOFR plus a margin of 3.25% per annum
Maturity
December 6, 2028
Event
incurrence
Exact text from the filing
The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $911,125,000 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

V2X, Inc. amended Amendment No. 3 to First Lien Credit Agreement with Royal Bank of Canada valued at $911,125,000 (effective 2023-10-03).

Action
amendment
Agreement
credit facility
Counterparty
Royal Bank of Canada
Value
$911,125,000
Effective
2023-10-03
Exact text from the filing
On October 3, 2023, Vertex Aerospace Intermediate LLC, a Delaware limited liability company (“Holdings”), and Vertex Aerospace Services Corp., a Delaware corporation (the “Borrower”), an indirect, wholly owned subsidiary of V2X, Inc., and certain wholly-owned subsidiaries of the Borrower party thereto from time to time, entered into Amendment No. 3 to First Lien Credit Agreement, dated as of October 3, 2023 (the “Amendment”), with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

V2X, Inc. filing history →

Source: SEC EDGAR
accession 0001628280-23-033835
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