RESTON,
Va., Jan. 6, 2025 /PRNewswire/ -- V2X, Inc.,
(NYSE: VVX), announces it has successfully repriced its
$900 million First Lien Term Loan at
2.25%.
"I'm pleased to announce the successful repricing of our First
Lien Term Loan, which is expected to generate notable interest
expense savings over the next several years and enhance our overall
cost of capital," said Shawn Mural, Senior Vice President and Chief
Financial Officer at V2X. "This repricing further improves
our annual interest margin by 50 basis points and
represents 135 basis points of savings that V2X
has achieved on its First Lien Term Loan since October 2023. This outcome is
a testament to the strength of our business and is another positive
step in our efforts to increase shareholder value."
About V2X
V2X builds innovative solutions that
integrate physical and digital environments by aligning people,
actions, and technology. V2X is embedded in all elements of a
critical mission's lifecycle to enhance readiness, optimize
resource management, and boost security. The company provides
innovation spanning national security, defense, civilian, and
international markets. With a global team of approximately 16,000
professionals, V2X enables mission success by injecting AI and
machine learning capabilities to meet today's toughest challenges
across all operational domains.
Investor Contact
Mike
Smith, CFA
Vice President, Treasury, Corporate Development and Investor
Relations
IR@goV2X.com
719-637-5773
Media Contact
Angelica
Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195
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SOURCE V2X, Inc.