V2X US$907m first lien term loan refinancing (2024)
Refinance the existing first lien term loans in full
Key terms
- Borrower or issuer
- V2X
- Date
- 30 May 2024
- Type
- Bank facility
- Amount
- US$906.6m
- Pricing
- SOFR + 2.75% (0.75% floor) or base rate + 1.75%
- Maturity
- 2030-12-06
Recorded terms
- Structure
- Amendment No. 4 to the December 2021 first lien credit agreement: new term loan tranche replacing all existing term loans; about 1% annual amortisation
- Lenders and arrangers
- Royal Bank of Canada, administrative agent and collateral agent
- Country
- United States
Parties
- V2X borrower or issuer
- Lenders: RBC Capital Markets
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 10 Jun 2024 | Teledyne US$1.2bn revolving credit facility (2024) | Bank facility | US$1.2bn |
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
| 17 Sep 2024 | Huntington Ingalls Industries US$1.7bn revolving credit facility (2024) | Bank facility | US$1.7bn |
| 4 Oct 2024 | AeroVironment US$200m revolving credit facility (2024) | Bank facility | US$200m |
| 19 Jan 2024 | KBR US$1.0bn term loan B (2024) | Bank facility | US$1bn |
More from V2X
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 May 2026 | V2X US$869m first lien term loan repricing (2026) | Bank facility | US$868.5m |
| 28 Feb 2023 | V2X US$750m term loan A and revolving credit facility | Bank facility | US$750m |
Sources
- V2X Form 8-K: Amendment No. 4 to first lien credit agreement sec.gov · 3 Jun 2024
About this record
Record DEF-2024-0021, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
