Verra Mobility Enters Material Agreement, Incurs Financial Obligation

TL;DR

Verra Mobility just signed a big deal and owes money.

AI Summary

Verra Mobility Corporation entered into a material definitive agreement on October 17, 2025. This agreement also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or transaction for Verra Mobility, which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce financial risks and operational changes that may affect the company's performance.

Key Players & Entities

• Verra Mobility Corporation (company) — Registrant
• October 17, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — ered) Class A common stock, par value $0.0001 per share VRRM Nasdaq Capital Marke
• $150 million — The ABL Credit Agreement provides for a $150 million senior secured asset-based revolving cr
• $35 million — -based revolving credit facility with a $35 million sublimit for the issuance of letters of
• $350 million — 2029 maturity date of VM Consolidated's $350 million 5.50% Senior Notes due 2029 in the even
• $125 million — ime party thereto, which provided for a $125 million senior secured asset-based revolving cr
• $3.74 million — no outstanding loans and approximately $3.74 million of outstanding letters of credit under
• $75 million — o an amount equal to the greater of (x) $75 million and (y) the amount by which the borrowi
• $15 m — the aggregate loan commitments and (ii) $15 million, VM Consolidated is required to m
• $688.8 million — nding principal amount of approximately $688.8 million maturing March 26, 2028 with a new seni

Filing Documents

• vrrm-20251017.htm (8-K) — 76KB
• vrrm-ex10_1.htm (EX-10.1) — 2399KB
• vrrm-ex10_2.htm (EX-10.2) — 2262KB
• 0001193125-25-242530.txt ( ) — 5514KB
• vrrm-20251017.xsd (EX-101.SCH) — 50KB
• vrrm-20251017_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. ABL Credit Agreement On October 17, 2025 (the " Closing Date "), certain direct and indirect wholly owned subsidiaries of Verra Mobility Corporation (the " Company "), including Greenlight Acquisition Corporation (" Holdings "), VM Consolidated, Inc. (" VM Consolidated "), certain U.S. subsidiaries of VM Consolidated, as borrowers (collectively with VM Consolidated, the " ABL Borrowers "), and certain other U.S. subsidiaries of VM Consolidated, as subsidiary guarantors (the " ABL Guarantors "), entered into the Amended and Restated Revolving Credit Agreement (the " ABL Credit Agreement ") with Bank of America, N.A., as a lender and as administrative agent and collateral agent (in such agent capacities, the " Agent ") and the other lenders from time to time party thereto. The ABL Credit Agreement provides for a $150 million senior secured asset-based revolving credit facility with a $35 million sublimit for the issuance of letters of credit (the " ABL Facility "), and matures on October 17, 2030 (subject to an earlier maturity date of 91 days prior to the April 15, 2029 maturity date of VM Consolidated's $350 million 5.50% Senior Notes due 2029 in the event that such senior notes remain outstanding as of such earlier maturity date). The ABL Credit Agreement amends and restates the Revolving Credit Agreement, dated as of March 1, 2018 (as previously amended, the " Existing ABL Credit Agreement " ), among Holdings, the ABL Borrowers, the ABL Guarantors, the Agent and the lenders from time to time party thereto, which provided for a $125 million senior secured asset-based revolving credit facility with a maturity date of December 20, 2026. As of the Closing Date, there were no outstanding loans and approximately $3.74 million of outstanding letters of credit under the ABL Facility. Availability of the $150 million of loan commitments under the ABL Facility is determined from time to time on the basis of a borro

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibits 3 10.1 Amended and Restated Revolving Credit Agreement, dated as of October 17, 2025, among Greenlight Acquisition Corporation, VM Consolidated, Inc., each of the other borrowers and guarantors party thereto, the lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Collateral Agent, Swingline Lender and Issuing Bank. 10.2 Amendment and Restatement Agreement No. 2, dated as of October 17, 2025, among Greenlight Acquisition Corporation, VM Consolidated, Inc., each of the other borrowers and guarantors party thereto, the lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent and Collateral Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4 SIGNATURE 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: October 17, 2025 Verra Mobility Corporation By: /s/ Craig Conti Name: Craig Conti Title: Chief Financial Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR