m_and_a
confidence high
sentiment neutral
materiality 0.85
Redwire amends Edge Autonomy merger: $925M deal, adds $100M promissory note at 15-18%
Redwire Corp
- Amendment increases cash consideration to $160M (incl. $100M promissory note) from $150M; stock portion reduced to $765M.
- Seller Note: $100M unsecured, interest 15% through 2025, 18% thereafter; minimum return 1.20x-1.50x principal.
- Stockholder vote adjourned to June 13; AEI, Genesis Park, Bain (69.2% voting power) committed to vote yes.
- Credit facility amended: maturity extended to April 2027, interest rate increases Jan 2026.
- Debt commitment for $90M+ term loan facility at SOFR+6.5%/7.0%, matures April 2027, for closing and working capital.
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