V2X to Generate Interest Expense Savings Through Successful Term Loan Repricing
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"This transaction immediately lowers our borrowing costs and positions us to realize interest savings as our financial profile continues to strengthen," said Shawn Mural, Senior Vice President and Chief Financial Officer of V2X. "The repricing provides a 25-basis-point reduction in our applicable margin, with the opportunity for an additional 25-basis-point reduction upon achieving and maintaining specified credit ratings. These savings are expected to drive lower interest expense, enhance our cost of capital, and increase value for shareholders."
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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 ContactÂ
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773
Media ContactÂ
Angelica Spanos Deoudes
Senior Director, Corporate Communications
[email protected]
571-338-5195
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SOURCE V2X, Inc.
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