secwatch.observer — SEC 8-K summary
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Issuer:     V2X, Inc. (VVX)
CIK:        0001601548
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001628280-23-033835
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

V2X subsidiary refinances $911.125M term loans, extends maturity to Dec 2028
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- New term loans of $911,125,000 replace all existing term loans under the First Lien Credit Agreement.
- New loans mature December 6, 2028 and bear interest at SOFR + 3.25% (0.75% floor) or base rate + 2.25%.
- Amendment provides quarterly amortization of ~1% per annum and voluntary prepayment without premium (except certain repricing events).
- Each existing lender could elect cashless conversion of initial term loans to 2023 term loans; new lender Royal Bank of Canada provides $89.1M.
- Lenders receive a 0.125% fee on their 2023 term loan amount; conditions include solvency certificate and legal opinions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601548/000162828023033835/0001628280-23-033835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601548/000162828023033835/vec-20231003.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-033835

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