Victory Capital Holdings Enters Material Definitive Agreement

TL;DR

Victory Capital just signed a big deal, expect financial moves.

AI Summary

On June 7, 2024, Victory Capital Holdings, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The principal executive offices are located in San Antonio, Texas.

Why It Matters

This filing indicates a significant financial commitment or obligation for Victory Capital Holdings, which could impact its financial standing 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 Numbers

• 001-38388 — Commission File Number (Identifies the company's SEC filing history.)
• 32-0402956 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Victory Capital Holdings, Inc. (company) — Registrant
• June 07, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• San Antonio, Texas (location) — Address of Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, Par Value $0.01 VCTR The Nasdaq Global Market Ind
• $100,000,000 — redit Agreement, the Company obtained a $100,000,000 senior secured first lien revolving cre

Filing Documents

• vctr-20240607.htm (8-K) — 43KB
• vctr-ex10_1.htm (EX-10.1) — 2643KB
• 0000950170-24-072692.txt ( ) — 3141KB
• vctr-20240607.xsd (EX-101.SCH) — 24KB
• vctr-20240607_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On June 7, 2024, Victory Capital Holdings, Inc., a Delaware corporation (the " Company "), entered into the Fifth Amendment to Credit Agreement (the " Fifth Amendment "), among the Company, the other loan parties party thereto, the lenders party thereto, Barclays Bank PLC, as administrative agent and RBC Capital Markets, as lead arranger and bookrunner, which amends the Credit Agreement dated as of July 1, 2019 (as amended by the First Amendment to Credit Agreement dated as of January 17, 2020, the Second Amendment to Credit Agreement dated as of February 18, 2021, the Third Amendment to Credit Agreement dated as of December 31, 2021 and the Fourth Amendment to Credit Agreement dated as of September 23, 2022, the " Existing Credit Agreement "), among the Company, the other loan parties party thereto from time to time, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto from time to time. Pursuant to the Existing Credit Agreement, the Company obtained a $100,000,000 senior secured first lien revolving credit facility (the " Revolving Facility "). The Fifth Amendment extended the maturity date of the Revolving Facility from July 1, 2024 to March 31, 2026 and decreased the drawn interest rate margin by 0.50% per annum. The Revolving Facility otherwise remains subject to substantially the same terms as those set forth in the Existing Credit Agreement. The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Fifth Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information in Item 1.01 is hereby incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. d) Exhibits. Exhibit Number Description 10.1 Fifth Amendment to Credit Agreement, dated as of June 7, 2024, by and among the Company, the other loan parties thereto, Barclays Bank PLC, as administrative agent, and the lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES 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. VICTORY CAPITAL HOLDINGS, INC. Date: June 13, 2024 By: /s/ MICHAEL D. POLICARPO Name: Michael D. Policarpo Title: President, Chief Financial Officer and Chief Administrative Officer

View Full Filing

View this 8-K filing on SEC EDGAR