V2X prepays $25 million of second lien term loan

By William Gullotti

Buffalo, N.Y., Jan. 12 – V2X, Inc. prepaid $25 million of its $185 million second lien term loan on Dec. 30, according to a press release on Thursday.

Susan Lynch, V2X’s senior vice president and chief financial officer, was quoted in the release saying, "We are pleased to announce the $25 million prepayment of our second lien term loan, which demonstrates our commitment to lowering interest expense and increasing returns to shareholders. We continue to see opportunities to further improve the company's cost of capital and drive additional interest expense savings."

V2X is a provider of mission solutions and support to global defense clients, resulting from the 2022 merger between Vectrus Inc. and Vertex Aerospace Services Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.