V2X Announces Successful Repricing and Extension of Term Loan and Revolver
V2X (NYSE: VVX) has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility. The amendment includes an updated leverage-based pricing grid that offers over 50 basis points of interest savings compared to the prior grid, with the facility extended by two years to March 2030.
As of December 31, 2024, there were no outstanding borrowings on the company's Revolver. The repricing and extension was well oversubscribed, demonstrating the company's strong market position and commitment to increasing shareholder value.
V2X (NYSE: VVX) ha rinegoziato con successo e prolungato il suo prestito a termine A da 238 milioni di dollari e la linea di credito revolving da 500 milioni di dollari. L'emendamento include una griglia di pricing basata sul leverage aggiornata che offre oltre 50 punti base di risparmio sugli interessi rispetto alla griglia precedente, con la struttura estesa di due anni fino a marzo 2030.
Alla data del 31 dicembre 2024, non c'erano prestiti in corso sulla linea di credito revolving dell'azienda. La rinegoziazione e l'estensione sono state ampiamente sovrascritte, dimostrando la forte posizione di mercato dell'azienda e l'impegno a incrementare il valore per gli azionisti.
V2X (NYSE: VVX) ha reestructurado con 茅xito y extendido su pr茅stamo a plazo A de 238 millones de d贸lares y su l铆nea de cr茅dito revolvente de 500 millones de d贸lares. La enmienda incluye una nueva cuadr铆cula de precios basada en el apalancamiento que ofrece m谩s de 50 puntos b谩sicos de ahorro en intereses en comparaci贸n con la cuadr铆cula anterior, con la facilidad extendida por dos a帽os hasta marzo de 2030.
Hasta el 31 de diciembre de 2024, no hab铆a pr茅stamos pendientes en la l铆nea de cr茅dito revolvente de la empresa. La reestructuraci贸n y extensi贸n fueron muy solicitadas, lo que demuestra la s贸lida posici贸n de mercado de la empresa y su compromiso de aumentar el valor para los accionistas.
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V2X (NYSE: VVX) a r茅ussi 脿 ren茅gocier et 脿 prolonger son pr锚t 脿 terme A de 238 millions de dollars et sa facilit茅 de cr茅dit renouvelable de 500 millions de dollars. L'amendement comprend une grille de tarification bas茅e sur l'effet de levier mise 脿 jour qui offre plus de 50 points de base d'茅conomies d'int茅r锚ts par rapport 脿 la grille pr茅c茅dente, avec la facilit茅 prolong茅e de deux ans jusqu'脿 mars 2030.
Au 31 d茅cembre 2024, il n'y avait aucun emprunt en cours sur la facilit茅 de cr茅dit renouvelable de l'entreprise. La ren茅gociation et l'extension ont 茅t茅 largement sursouscrites, d茅montrant la solide position de march茅 de l'entreprise et son engagement 脿 accro卯tre la valeur pour les actionnaires.
V2X (NYSE: VVX) hat erfolgreich seinen Terminkredit A 眉ber 238 Millionen Dollar und seine Revolving-Kreditfazilit盲t 眉ber 500 Millionen Dollar umstrukturiert und verl盲ngert. Die 脛nderung beinhaltet ein aktualisiertes, auf der Hebelwirkung basierendes Preisgitter, das 眉ber 50 Basispunkte Zinsersparnis im Vergleich zum vorherigen Gitter bietet, wobei die Fazilit盲t um zwei Jahre bis M盲rz 2030 verl盲ngert wurde.
Zum 31. Dezember 2024 gab es keine ausstehenden Darlehen in der Revolving-Kreditfazilit盲t des Unternehmens. Die Umstrukturierung und Verl盲ngerung waren stark nachgefragt, was die starke Marktposition des Unternehmens und das Engagement zur Steigerung des Aktion盲rswertes zeigt.
- Over 50 basis points reduction in interest costs through repricing
- Extension of credit facilities by 2 years to March 2030
- No outstanding borrowings on $500M Revolver as of Dec 31, 2024
- Well-oversubscribed debt refinancing indicating strong market confidence
- Maintains substantial debt exposure with $238M Term Loan A
Insights
V2X's successful repricing and extension of its
The two-year extension of these facilities to March 2030 significantly strengthens V2X's financial flexibility by creating a longer runway before refinancing is necessary. This extended maturity profile reduces near-term refinancing risk and provides greater certainty in an uncertain interest rate environment.
Particularly noteworthy is that the offering was well oversubscribed, signaling strong creditor confidence in V2X's business outlook and financial health. This market validation comes despite V2X carrying substantial debt facilities relative to its
The company's confirmation of zero outstanding borrowings on its Revolver as of December 31, 2024, further indicates a solid liquidity position. This debt optimization follows a previous Term Loan B repricing, demonstrating management's systematic approach to improving capital efficiency.
While the absolute dollar savings weren't quantified, the interest reduction across these substantial facilities should meaningfully enhance profitability and free cash flow generation, ultimately supporting shareholder value creation through improved financial metrics.
"I'm pleased to announce further enhancements to our capital structure through a successful repricing and extension of our Term Loan A and Revolver," said Shawn Mural, Senior Vice President and Chief Financial Officer at V2X.
The amendment includes an updated leverage-based pricing grid, offering over 50 basis points of interest savings compared to the prior grid, as well as an extension of the facility by two years to March 2030.
Mr. Mural continued, "This repricing and extension, which was well oversubscribed, builds on our recent Term Loan B repricing and demonstrates the strength and positioning of our business as well as our ongoing commitment to increasing value for shareholders. I'd like to thank our banking partners for their continued support and confidence in our business."聽
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the "Act"): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements in this release that are not historical, including, without limitation, interest savings, enhancements to our capital structure, and the strength and positioning of our business.
Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "could," "potential," "continue," "can," "goal," "long-term," "drive," "next," and variations of such words and or similar expressions and terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management.
These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company's historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.
We do not undertake, and expressly disclaim, any duty or obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission's lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today's toughest challenges across all operational domains.
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FAQ
How much interest savings will VVX achieve from the 2025 loan repricing?
What is the new maturity date for VVX's Term Loan A and Revolver?
How much is VVX's total credit facility after the 2025 refinancing?
What was the outstanding balance on VVX's Revolver as of December 2024?
Was VVX's 2025 loan repricing successful with lenders?
