V2X, Inc. Enters Material Definitive Agreement

Ticker: VVX · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1601548

V2x, Inc. 8-K Filing Summary
FieldDetail
CompanyV2x, Inc. (VVX)
Form Type8-K
Filed DateJun 3, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$0.01, $906,569,375
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, definitive-agreement

Related Tickers: VVX

TL;DR

V2X just signed a big deal, details TBD.

AI Summary

On May 30, 2024, V2X, Inc. reported the entry into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or the financial implications, but it signifies a significant new development for the company.

Why It Matters

This filing indicates a significant new business development or partnership for V2X, Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

  • V2X, Inc. (company) — Registrant
  • May 30, 2024 (date) — Date of earliest event reported

FAQ

What type of material definitive agreement did V2X, Inc. enter into?

The filing does not specify the type of material definitive agreement.

Who is the counterparty to this material definitive agreement?

The filing does not disclose the name of the counterparty.

What is the effective date of this material definitive agreement?

The earliest event reported is May 30, 2024, which is the date of the report.

Are there any financial terms or obligations associated with this agreement disclosed in the filing?

No financial terms or obligations are disclosed in this filing.

Does this agreement represent an acquisition, divestiture, or partnership?

The filing does not provide enough information to determine if the agreement is an acquisition, divestiture, or partnership.

Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2024-06-03 08:11:01

Key Financial Figures

  • $0.01 — ich registered Common Stock, Par Value $0.01 Per Share VVX New York Stock Exchange
  • $906,569,375 — aggregate original principal amount of $906,569,375 (the "New Term Loans"), which New Term

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Amendment No. 4 to First Lien Credit Agreement On May 30, 2024, Vertex Aerospace Intermediate LLC, a Delaware limited liability company ("Holdings"), and Vertex Aerospace Services LLC, a Delaware limited liability company (the "Borrower"), an indirect, wholly owned subsidiary of V2X, Inc., and certain wholly-owned subsidiaries of the Borrower party thereto from time to time, entered into Amendment No. 4 to First Lien Credit Agreement, dated as of May 30, 2024 (the "Amendment"), with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto, which amended the Credit Agreement, originally dated as of December 6, 2021, by and among the Borrower, Holdings, Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions party thereto from time to time (as amended prior to May 30, 2024, the "Credit Agreement"). The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $906,569,375 (the "New Term Loans"), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030. The New Term Loans shall bear interest at a rate per annum equal to (x) SOFR plus a margin of 2.75% per annum (SOFR with respect to the New Term Loans shall be subject to a floor of 0.75%) or (y) a base rate (which will be the highest of (i) the prime rate, (ii) 0.5% per annum above the federal funds effective rate and (iii) one-month SOFR plus 1.00% per annum) plus a margin of 1.75% per annum. The New Term Loans are subject to quarterly amortization in an aggregate original principal amount of approximately 1.0% per annum. Voluntary prepayments of the New Term

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits The exhibits listed in the following Exhibit Index are filed as part of this Current Report. Exhibit No. Description 10.1 Amendment No. 4 to First Lien Credit Agreement, dated as of May 30, 2024, by and among Vertex Aerospace Services LLC, a Delaware limited liability company, Vertex Aerospace Intermediate LLC, a Delaware limited liability company, the other Loan Parties hereto, the Additional Lender and Royal Bank of Canada as Administrative Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. Dated: June 3, 2024 V2X, INC. By: /s/ Kevin T. Boyle Kevin T. Boyle Chief Legal Officer, General Counsel and Corporate Secretary

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