V2X Announces Successful Repricing and Extension of Term Loan and Revolver

Rhea-AI Summary

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.

Positive

• 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

Negative

• Maintains substantial debt exposure with $238M Term Loan A

RESTON, Va., April 3, 2025 /PRNewswire/ -- V2X, Inc., (NYSE: VVX), announces it has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility ("Revolver"). As of December 31, 2024, there were no outstanding borrowings on the company's Revolver.

"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." 

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.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

FAQ

How much interest savings will VVX achieve from the 2025 loan repricing?

V2X will save over 50 basis points in interest costs compared to the previous pricing grid.

What is the new maturity date for VVX's Term Loan A and Revolver?

The credit facilities have been extended to March 2030, representing a two-year extension.

How much is VVX's total credit facility after the 2025 refinancing?

V2X's total credit facility consists of a $238 million Term Loan A and a $500 million Revolving Credit Facility.

What was the outstanding balance on VVX's Revolver as of December 2024?

There were no outstanding borrowings on the company's Revolver as of December 31, 2024.

Was VVX's 2025 loan repricing successful with lenders?

Yes, the repricing was well oversubscribed, indicating strong support from banking partners.