V2X, Inc. Enters Material Definitive Agreement

Ticker: VVX · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1601548

V2x, Inc. 8-K Filing Summary
FieldDetail
CompanyV2x, Inc. (VVX)
Form Type8-K
Filed DateJan 6, 2025
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$0.01, $899,770,104.68
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, corporate-action

Related Tickers: VVX

TL;DR

V2X just signed a big deal, details TBD.

AI Summary

On January 2, 2025, V2X, Inc. reported the entry into a material definitive agreement. The filing does not disclose specific details of the agreement or the counterparty involved, but it signifies a significant development for the company.

Why It Matters

The entry into a material definitive agreement could signal a significant business development, such as a merger, acquisition, or major contract, which could impact V2X's future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty, making it difficult to assess the immediate risks and benefits.

Key Players & Entities

  • V2X, Inc. (company) — Registrant
  • January 2, 2025 (date) — Date of earliest event reported
  • Indiana (jurisdiction) — State of incorporation
  • 001-36341 (identifier) — Commission File Number
  • 38-3924636 (identifier) — IRS Employer Identification No.
  • 1875 Campus Commons Drive , Suite 305 (address) — Principal Executive Offices
  • Reston , VA 20191 (address) — Principal Executive Offices Zip Code
  • 571-481-2000 (phone_number) — Registrant's Telephone Number
  • VVX (ticker_symbol) — Common Stock Trading Symbol

FAQ

What is the nature of the material definitive agreement entered into by V2X, Inc.?

The filing does not specify the nature of the material definitive agreement, only that one has been entered into.

Who is the counterparty to the material definitive agreement?

The filing does not disclose the name of the other party involved in the material definitive agreement.

What is the effective date of the material definitive agreement?

The filing reports January 2, 2025, as the date of the earliest event reported, which is the entry into the agreement.

Are there any financial terms disclosed for this agreement?

No specific financial terms or dollar amounts related to the material definitive agreement are disclosed in this filing.

Does this filing provide any context for why this agreement is considered 'material'?

The filing states it is a 'material definitive agreement' but does not provide specific details or context for its materiality.

Filing Stats: 899 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2025-01-06 07:32:42

Key Financial Figures

  • $0.01 — ich registered Common Stock, Par Value $0.01 Per Share VVX New York Stock Exchange
  • $899,770,104.68 — aggregate original principal amount of $899,770,104.68 (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. 5 to First Lien Credit Agreement On January 2, 2025, 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 entered into Amendment No. 5 to First Lien Credit Agreement, dated as of January 2, 2025 (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 January 2, 2025, 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 $899,770,104.68 (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 2.25% 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 1.25% 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 Loan ar

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. 5 to First Lien Credit Agreement, dated as of January 2, 2025, 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 thereto, 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: January 6, 2025 V2X, INC. By: /s/ Sarita B. Malakar Sarita B. Malakar Corporate Secretary

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