Redwire Corp Enters Material Definitive Agreement
Ticker: RDW · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1819810
| Field | Detail |
|---|---|
| Company | Redwire Corp (RDW) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $30.0 million, $45.0 million, $10.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Redwire Corp just signed a big deal, could mean new money or debt.
AI Summary
On June 18, 2024, Redwire Corporation entered into a material definitive agreement related to a direct financial obligation. The company, previously known as Genesis Park Acquisition Corp. until July 31, 2020, is incorporated in Delaware and headquartered in Jacksonville, Florida.
Why It Matters
This filing indicates Redwire Corporation has entered into a significant financial agreement, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Redwire Corporation (company) — Registrant
- Genesis Park Acquisition Corp. (company) — Former company name
- June 18, 2024 (date) — Date of earliest event reported
- July 31, 2020 (date) — Date of name change
FAQ
What specific type of material definitive agreement did Redwire Corporation enter into?
The filing states Redwire Corporation entered into a material definitive agreement, and it also created a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant. However, the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific terms and nature of this obligation are not detailed in the provided text.
When was Redwire Corporation previously known as Genesis Park Acquisition Corp.?
Redwire Corporation was formerly known as Genesis Park Acquisition Corp. until July 31, 2020.
Where is Redwire Corporation incorporated and headquartered?
Redwire Corporation is incorporated in Delaware and its business address is in Jacksonville, Florida.
What is the SEC file number for Redwire Corporation?
The SEC file number for Redwire Corporation is 001-39733.
Filing Stats: 718 words · 3 min read · ~2 pages · Grade level 13.5 · Accepted 2024-06-20 16:09:01
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share RDW New York Stock
- $30.0 million — nder the revolving credit facility from $30.0 million to $45.0 million. Pursuant to the Ame
- $45.0 million — g credit facility from $30.0 million to $45.0 million. Pursuant to the Amendment, the Compa
- $10.0 million — revolving credit loans of no less than $10.0 million. The foregoing description of the Ame
Filing Documents
- rdw-20240618.htm (8-K) — 33KB
- exhibit101-eighthamendme.htm (EX-10.1) — 33KB
- exhibit101-eighthamendme001.jpg (GRAPHIC) — 277KB
- exhibit101-eighthamendme002.jpg (GRAPHIC) — 272KB
- exhibit101-eighthamendme003.jpg (GRAPHIC) — 231KB
- exhibit101-eighthamendme004.jpg (GRAPHIC) — 294KB
- exhibit101-eighthamendme005.jpg (GRAPHIC) — 268KB
- exhibit101-eighthamendme006.jpg (GRAPHIC) — 290KB
- exhibit101-eighthamendme007.jpg (GRAPHIC) — 128KB
- exhibit101-eighthamendme008.jpg (GRAPHIC) — 91KB
- exhibit101-eighthamendme009.jpg (GRAPHIC) — 48KB
- exhibit101-eighthamendme010.jpg (GRAPHIC) — 100KB
- exhibit101-eighthamendme011.jpg (GRAPHIC) — 100KB
- exhibit101-eighthamendme012.jpg (GRAPHIC) — 77KB
- exhibit101-eighthamendme013.jpg (GRAPHIC) — 53KB
- rdw-20240618_g1.jpg (GRAPHIC) — 182KB
- 0001819810-24-000062.txt ( ) — 3727KB
- rdw-20240618.xsd (EX-101.SCH) — 2KB
- rdw-20240618_def.xml (EX-101.DEF) — 16KB
- rdw-20240618_lab.xml (EX-101.LAB) — 27KB
- rdw-20240618_pre.xml (EX-101.PRE) — 16KB
- rdw-20240618_htm.xml (XML) — 4KB
01 - Entry into a Material Definitive Agreement
Item 1.01 - Entry into a Material Definitive Agreement On June 18, 2024, Redwire Holdings, LLC, a Delaware limited liability company (the "Lead Borrower") and a wholly-owned subsidiary of Redwire Corporation, a Delaware corporation (the "Company"), and certain other subsidiaries of the Company, entered into an Eighth Amendment (the "Amendment") to the Credit Agreement, dated as of October 28, 2020, by and among Redwire Intermediate Holdings, LLC, a Delaware limited liability company, the Lead Borrower, the other borrowers party thereto from time to time, the other guarantors party thereto from time to time, Adams Street Credit Advisors, LP, as the administrative agent and collateral agent and as the sole lead arranger and sole bookrunner and the lenders party thereto from time to time, to increase commitments under the revolving credit facility from $30.0 million to $45.0 million. Pursuant to the Amendment, the Company shall maintain an aggregate principal amount of outstanding revolving credit loans of no less than $10.0 million. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K 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 in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits (d) The following exhibits are being filed herewith: Exhibit No. Description 10.1* Eighth Amendment to Credit Agreement, dated as of June 1 8 , 202 4 , by and among Redwire Holdings, LLC, the other Borrowers party thereto, the Guarantors party thereto, Adams Street Credit Advisors, LP, as Administrative Agent and as Collateral Agent and each lender party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K and will be provided on a supplemental basis to the Securities and Exchange Commission upon request. Page 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 20, 2024 Redwire Corporation By: /s/ Jonathan Baliff Name: Jonathan Baliff Title: Chief Financial Officer and Director Page 3