Redwire Corp Secures $100 Million Credit Facility

TL;DR

RDW just locked down a $100M credit line. Big financing news.

AI Summary

On August 28, 2024, Redwire Corporation entered into a material definitive agreement, specifically a credit agreement with an aggregate principal amount of $100 million. This agreement creates a direct financial obligation for the registrant. The filing also includes financial statements and exhibits.

Why It Matters

This significant financing provides Redwire Corporation with substantial capital, which could be used for operational expansion, strategic investments, or debt management, impacting its future growth and financial stability.

Risk Assessment

Risk Level: medium — While securing financing is generally positive, the specific terms and purpose of the $100 million credit facility, and Redwire's ability to manage this new obligation, present potential risks.

Key Numbers

• $100.0M — Credit Facility Principal (Represents new financing obtained by Redwire Corporation.)

Key Players & Entities

• Redwire Corporation (company) — Registrant
• $100 million (dollar_amount) — Principal amount of credit facility
• August 28, 2024 (date) — Date of material definitive agreement
• Genesis Park Acquisition Corp. (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share RDW New York Stock
• $45.0 million — nder the revolving credit facility from $45.0 million to $65.0 million. Additionally, pursu
• $65.0 million — g credit facility from $45.0 million to $65.0 million. Additionally, pursuant to the Amendm
• $10.0 million — to maintain increased from no less than $10.0 million to no less than $30.0 million. The fo
• $30.0 million — less than $10.0 million to no less than $30.0 million. The foregoing description of the Ame

Filing Documents

• rdw-20240828.htm (8-K) — 32KB
• exhibit101-ninthamendmen.htm (EX-10.1) — 35KB
• exhibit101-ninthamendmen001.jpg (GRAPHIC) — 300KB
• exhibit101-ninthamendmen002.jpg (GRAPHIC) — 277KB
• exhibit101-ninthamendmen003.jpg (GRAPHIC) — 243KB
• exhibit101-ninthamendmen004.jpg (GRAPHIC) — 309KB
• exhibit101-ninthamendmen005.jpg (GRAPHIC) — 292KB
• exhibit101-ninthamendmen006.jpg (GRAPHIC) — 297KB
• exhibit101-ninthamendmen007.jpg (GRAPHIC) — 123KB
• exhibit101-ninthamendmen008.jpg (GRAPHIC) — 91KB
• exhibit101-ninthamendmen009.jpg (GRAPHIC) — 48KB
• exhibit101-ninthamendmen010.jpg (GRAPHIC) — 84KB
• exhibit101-ninthamendmen011.jpg (GRAPHIC) — 62KB
• exhibit101-ninthamendmen012.jpg (GRAPHIC) — 78KB
• exhibit101-ninthamendmen013.jpg (GRAPHIC) — 73KB
• exhibit101-ninthamendmen014.jpg (GRAPHIC) — 95KB
• exhibit101-ninthamendmen015.jpg (GRAPHIC) — 75KB
• rdw-20240828_g1.jpg (GRAPHIC) — 182KB
• 0001819810-24-000097.txt ( ) — 4030KB
• rdw-20240828.xsd (EX-101.SCH) — 2KB
• rdw-20240828_def.xml (EX-101.DEF) — 16KB
• rdw-20240828_lab.xml (EX-101.LAB) — 27KB
• rdw-20240828_pre.xml (EX-101.PRE) — 16KB
• rdw-20240828_htm.xml (XML) — 4KB

01 - Entry into a Material Definitive Agreement

Item 1.01 - Entry into a Material Definitive Agreement On August 28, 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 a Ninth 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 $45.0 million to $65.0 million. Additionally, pursuant to the Amendment, the aggregate principal amount of outstanding revolving credit loans the Company is required to maintain increased from no less than $10.0 million to no less than $30.0 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* Ninth Amendment to Credit Agreement, dated as of August 28, 2024, 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: August 29, 2024 Redwire Corporation By: /s/ Jonathan Baliff Name: Jonathan Baliff Title: Chief Financial Officer and Director Page 3

View Full Filing

View this 8-K filing on SEC EDGAR