STOCK TITAN

V2X (NYSE: VVX) refinances first-lien debt with $868,522,978.38 term loans maturing 2030

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

V2X, Inc. disclosed that its subsidiaries entered into Amendment No. 6 to their First Lien Credit Agreement, creating a new tranche of term loans with an aggregate original principal of $868,522,978.38. These new term loans replace all existing term loans under the prior agreement.

The new loans mature on December 6, 2030 and bear interest at either SOFR plus a 2.00% margin (with a SOFR floor of 0.00%) or a base rate plus a 1.00% margin, with a potential 0.25% margin reduction if certain rating criteria are met.

The loans amortize at approximately 1.00% of original principal per year, and voluntary prepayments are allowed without premium or penalty, other than SOFR breakage costs and a call premium that may apply to certain repricing events within a defined period after May 29, 2026.

Positive

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Insights

V2X refinances first‑lien term debt into a new 2030 facility.

The company’s subsidiaries arranged new first‑lien term loans totaling $868,522,978.38, replacing all existing term loans under the prior agreement. Key economics are a SOFR-based rate with a 2.00% margin or a base-rate option with a 1.00% margin.

The maturity extends to December 6, 2030, with modest scheduled amortization of about 1.00% of original principal annually. A small margin step-down is possible if rating criteria are achieved, and voluntary prepayments are generally permitted, though certain repricing events soon after May 29, 2026 can trigger a call premium.

Overall, this is a structured refinancing of existing debt rather than incremental borrowing, and the ultimate impact on interest cost will depend on future SOFR levels and any rating-based margin reductions.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New Term Loans Principal $868,522,978.38 Aggregate original principal amount under Amendment No. 6
Maturity Date December 6, 2030 Final maturity of New Term Loans
SOFR Margin 2.00% per annum Interest margin over SOFR for New Term Loans
Base Rate Margin 1.00% per annum Interest margin over base rate alternative
SOFR Floor 0.00% Minimum SOFR level applicable to New Term Loans
Annual Amortization Approximately 1.00% per annum Scheduled amortization of original principal
Potential Margin Step-Down 0.25% Possible margin reduction if rating criteria met
First Lien Credit Agreement financial
"entered into Amendment No. 6 to First Lien Credit Agreement, dated as of May 29, 2026"
A first lien credit agreement is a loan contract that gives the lender the top legal claim on a borrower's specific assets if the borrower defaults, like a mortgage that gets paid before others when a house is sold. It matters to investors because holders of first-lien debt are paid before other creditors and shareholders in a distress situation, which lowers their risk and can affect a company's borrowing costs, financial flexibility, and the value of other securities.
SOFR financial
"bear interest at a rate per annum equal to (x) SOFR plus a margin of 2.00%"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
base rate financial
"or (y) a base rate (which will be the highest of (i) the prime rate"
The base rate is the primary interest rate set by a central authority or used as a benchmark for pricing loans, savings and other financial products. Think of it as the anchor in a floating system: when the base rate moves, borrowing costs, corporate financing and consumer spending tend to shift too, which can change company profits and investor returns across the market.
amortization financial
"The New Term Loans are subject to quarterly amortization in an aggregate original principal amount"
Amortization is the process of spreading a large cost over a series of future periods, either by gradually writing off the value of an intangible asset (like a patent or license) or by showing how loan principal is paid down over time. For investors it matters because amortization affects reported profits and cash flow — similar to slicing a big bill into smaller monthly payments — and therefore influences valuations, comparisons between companies, and expectations for future earnings.
call premium financial
"a call premium may apply in the case of certain repricing events within a specified period of time"
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false000160154800016015482026-05-292026-05-29


 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM 8-K
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): May 29, 2026
 
 
 
V2X, Inc.
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
Indiana
(State or Other Jurisdiction of Incorporation)
 
001-3634138-3924636
(Commission(IRS Employer
File Number)Identification No.)
 
2100 Reston Parkway, Suite 300
Reston, VA 20191
(Address of Principal Executive Offices) (Zip Code)
 
(571) 481-2000
(Registrant's Telephone Number, Including Area Code)
 
Securities Registered Under Section 12(b) of the Act:
 
Title of each class
Trading
symbol(s)
Name of each exchange on which registered
Common Stock, Par Value $0.01 Per ShareVVXNew York Stock Exchange
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)




¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ¨
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
 
 
 




Item 1.01 Entry into a Material Definitive Agreement.

Amendment No. 6 to First Lien Credit Agreement

On May 29, 2026, V2X Intermediate LLC (f/k/a Vertex Aerospace Intermediate LLC), a Delaware limited liability company (“Holdings”), and V2X LLC (f/k/a Vertex Aerospace Services LLC), a Delaware limited liability company (the “Borrower”), each an indirect, wholly owned subsidiary of V2X, Inc., and certain wholly-owned subsidiaries of the Borrower party thereto entered into Amendment No. 6 to First Lien Credit Agreement, dated as of May 29, 2026 (the “Amendment”), with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto, which amended the Credit Agreement, originally dated as of December 6, 2021, by and among the Borrower, Holdings, Royal Bank of Canada and the other financial institutions party thereto from time to time (as amended prior to May 29, 2026, the “Credit Agreement”).

The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (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. The New Term Loans mature on December 6, 2030. The New Term Loans shall bear interest at a rate per annum equal to (x) SOFR plus a margin of 2.00% per annum (SOFR with respect to the New Term Loans shall be subject to a floor of 0.00%) or (y) a base rate (which will be the highest of (i) the prime rate, (ii) 0.50% per annum above the federal funds effective rate and (iii) one-month SOFR plus 1.00% per annum) plus a margin of 1.00% per annum. In addition, the margin may be decreased by 0.25% subject to the satisfaction of certain rating criteria as set forth in the Credit Agreement and the Amendment. The New Term Loans are subject to quarterly amortization in an aggregate original principal amount of approximately 1.00% per annum. Voluntary prepayments of the New Term Loan are permitted, in whole or in part, with prior notice, without premium or penalty (except SOFR breakage costs and a call premium may apply in the case of certain repricing events within a specified period of time after May 29, 2026, as further set forth in the Amendment).

This summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference, insofar as it relates to the information required to be disclosed under this Item 2.03.


Item 9.01


Financial Statements and Exhibits.
(d) Exhibits

The exhibits listed in the following Exhibit Index are filed as part of this Current Report.
Exhibit No.Description
10.1
Amendment No. 6 to First Lien Credit Agreement, dated as of May 29, 2026, by and among V2X LLC, a Delaware limited liability company, V2X Intermediate LLC, a Delaware limited liability company, the other Loan Parties thereto, the Additional Lender and Royal Bank of Canada as Administrative Agent.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).




SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
  
Dated: June 1, 2026V2X, INC.
  
 By:/s/ Sarita B. Malakar
  Sarita B. Malakar
  Corporate Secretary
 
 

FAQ

What new debt facility did V2X (VVX) subsidiaries enter into?

V2X’s subsidiaries entered into Amendment No. 6 to their First Lien Credit Agreement, creating new term loans with original principal of $868,522,978.38. These loans refinance and replace all existing term loans under the prior agreement.

When do the new V2X (VVX) term loans mature?

The new V2X term loans mature on December 6, 2030. This maturity aligns the company’s first‑lien term debt with a longer‑dated horizon, replacing prior loans that were outstanding under the original 2021 credit agreement.

What interest rates apply to the new V2X (VVX) term loans?

The loans bear interest at either SOFR plus 2.00% (with a SOFR floor of 0.00%) or a base rate plus 1.00%. The base rate is defined as the highest of the prime rate, federal funds plus 0.50%, or one‑month SOFR plus 1.00%.

Can the interest margin on V2X’s new term loans be reduced?

Yes. The interest margin may decrease by 0.25% if specified rating criteria are satisfied. Those criteria are defined in the existing Credit Agreement and the new Amendment, potentially lowering borrowing costs if credit ratings improve.

How quickly do V2X (VVX) new term loans amortize?

The new term loans are subject to quarterly amortization totaling about 1.00% per year of the original principal. This structure keeps required principal repayments relatively modest before the final maturity in December 2030.

Are V2X (VVX) borrowers allowed to prepay the new term loans?

Voluntary prepayments are permitted in whole or in part with prior notice, generally without premium or penalty. However, SOFR breakage costs may apply, and a call premium can apply to certain repricing events within a specified period after May 29, 2026.

Filing Exhibits & Attachments

5 documents