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VSE Refinances Debt With New $700 Million Credit Facilities at Lower Rate
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VSE Refinances Debt With New $700 Million Credit Facilities at Lower Rate
May 26, 2025 12:14 AM

08:53 AM EDT, 05/02/2025 (MT Newswires) -- VSE (VSEC) said Friday that it has refinanced its debt with a new $300 million term loan and a $400 million revolving credit facility, both maturing on May 2, 2030.

The company said that they replaced previous loans that were due next year, and that the new borrowings have an interest rate of SOFR plus 1.75%, which is 60 basis points lower than the prior terms.

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