Latest news with #VSE
Business Wire
02-06-2025
- Business
- Business Wire
VSE Corporation Announces June 2025 Investor Conference Schedule
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation ('VSE' or the 'Company') (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, announced today that VSE Corporation's senior management will participate in the following upcoming conferences. William Blair's Growth Stock Conference will be held in Chicago, Illinois, on Tuesday, June 3, 2025. John Cuomo, President and CEO, Adam Cohn, Chief Financial Officer, and Michael Perlman, VP of Investor Relations & Treasury will participate in one-on-one investor meetings throughout the event. John Cuomo will present at 2:00 PM Central Time. Stifel Cross Sector Insight Conference will be held in Boston, Massachusetts, on Wednesday, June 4, 2025. John Cuomo, Adam Cohn, and Michael Perlman will participate in one-on-one investor meetings throughout the event. The Wells Fargo Industrials Conference will be held in Chicago, Illinois, on Tuesday, June 10, 2025. John Cuomo will participate in a fireside chat at 1:30 PM Central Time. Management will also participate in one-on-one investor meetings throughout the event. For more information about this event or to schedule a meeting with VSE's senior management, please contact VSE's Investor Relations at investors@ ABOUT VSE CORPORATION VSE is a leading provider of aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. VSE's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. For more detailed information, please visit VSE's website at This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE's actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Yahoo
02-06-2025
- Business
- Yahoo
VSE Corporation Announces June 2025 Investor Conference Schedule
MIRAMAR, Fla., June 02, 2025--(BUSINESS WIRE)--VSE Corporation ("VSE" or the "Company") (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, announced today that VSE Corporation's senior management will participate in the following upcoming conferences. William Blair's Growth Stock Conference will be held in Chicago, Illinois, on Tuesday, June 3, 2025. John Cuomo, President and CEO, Adam Cohn, Chief Financial Officer, and Michael Perlman, VP of Investor Relations & Treasury will participate in one-on-one investor meetings throughout the event. John Cuomo will present at 2:00 PM Central Time. Stifel Cross Sector Insight Conference will be held in Boston, Massachusetts, on Wednesday, June 4, 2025. John Cuomo, Adam Cohn, and Michael Perlman will participate in one-on-one investor meetings throughout the event. The Wells Fargo Industrials Conference will be held in Chicago, Illinois, on Tuesday, June 10, 2025. John Cuomo will participate in a fireside chat at 1:30 PM Central Time. Management will also participate in one-on-one investor meetings throughout the event. For more information about this event or to schedule a meeting with VSE's senior management, please contact VSE's Investor Relations at investors@ ABOUT VSE CORPORATION VSE is a leading provider of aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. VSE's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. For more detailed information, please visit VSE's website at FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE's actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. View source version on Contacts INVESTOR RELATIONS CONTACT: Michael PerlmanVice President of Investor Relations and TreasuryPhone: (954) 547-0480Email: investors@
Associated Press
02-05-2025
- Business
- Associated Press
VSE Corporation Completes Refinancing of Term Loan and Revolver
MIRAMAR, Fla.--(BUSINESS WIRE)--May 2, 2025-- VSE Corporation ('VSE' or the 'Company') (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility. The Company entered into a new $300 million Term Loan A and a $400 million revolving credit facility, both maturing on May 2, 2030. These facilities refinance and replace the Company's previous debt arrangements, which were scheduled to mature in October 2026. Borrowings under the new facilities will initially bear interest at the Secured Overnight Financing Rate (SOFR) plus 175 basis points, representing a reduction of approximately 60 basis points compared to the terms of the prior facilities. 'This refinancing supports the culmination of our multi-year transformation to a pure-play aviation aftermarket business and positions VSE to execute our growth strategies with increased agility,' said Adam Cohn, Chief Financial Officer of VSE Corporation. 'We're pleased to have secured more favorable terms, including a lower interest rate and expanded borrowing capacity, which will reduce our cost of capital and enhance our liquidity. The strong demand for this facility is a testament to the strength of our financial profile, the resilience of our business model, and the confidence our lenders have in VSE's future.' Citizens Bank, N.A. acted as the administrative agent, lead-left bookrunner and joint lead arranger, for the syndicate of nine banks. ABOUT VSE CORPORATION VSE is a leading provider of aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. VSE's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. For more detailed information, please visit VSE's website at FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements, including statements regarding the anticipated benefits of the refinancing transactions. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE's actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, our increased leverage as a result of the additional indebtedness, our ability to achieve the anticipated benefits of the refinancing transactions, including our strategic growth priorities, and the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. View source version on CONTACT: INVESTOR RELATIONS CONTACT: Michael Perlman Vice President of Investor Relations and Treasury Phone: (954) 547-0480 Email:[email protected] KEYWORD: UNITED STATES NORTH AMERICA FLORIDA INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING AEROSPACE TRUCKING MANUFACTURING DEFENSE MARITIME AIR TRANSPORT AUTOMOTIVE OTHER DEFENSE CONTRACTS LOGISTICS/SUPPLY CHAIN MANAGEMENT PUBLIC RELATIONS/INVESTOR RELATIONS ALTERNATIVE ENERGY ENERGY COMMUNICATIONS GENERAL AUTOMOTIVE ENGINEERING SOURCE: VSE Corporation Copyright Business Wire 2025. PUB: 05/02/2025 08:15 AM/DISC: 05/02/2025 08:14 AM
Business Wire
02-05-2025
- Business
- Business Wire
VSE Corporation Completes Refinancing of Term Loan and Revolver
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation ('VSE' or the 'Company') (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility. The Company entered into a new $300 million Term Loan A and a $400 million revolving credit facility, both maturing on May 2, 2030. These facilities refinance and replace the Company's previous debt arrangements, which were scheduled to mature in October 2026. Borrowings under the new facilities will initially bear interest at the Secured Overnight Financing Rate (SOFR) plus 175 basis points, representing a reduction of approximately 60 basis points compared to the terms of the prior facilities. 'This refinancing supports the culmination of our multi-year transformation to a pure-play aviation aftermarket business and positions VSE to execute our growth strategies with increased agility,' said Adam Cohn, Chief Financial Officer of VSE Corporation. 'We're pleased to have secured more favorable terms, including a lower interest rate and expanded borrowing capacity, which will reduce our cost of capital and enhance our liquidity. The strong demand for this facility is a testament to the strength of our financial profile, the resilience of our business model, and the confidence our lenders have in VSE's future.' Citizens Bank, N.A. acted as the administrative agent, lead-left bookrunner and joint lead arranger, for the syndicate of nine banks. ABOUT VSE CORPORATION VSE is a leading provider of aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. VSE's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. For more detailed information, please visit VSE's website at FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements, including statements regarding the anticipated benefits of the refinancing transactions. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE's actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, our increased leverage as a result of the additional indebtedness, our ability to achieve the anticipated benefits of the refinancing transactions, including our strategic growth priorities, and the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Yahoo
02-05-2025
- Business
- Yahoo
VSE Corporation Completes Refinancing of Term Loan and Revolver
New Capital Structure Provides Lower Interest Rate, Increased Liquidity, and Enhanced Financial Flexibility MIRAMAR, Fla., May 02, 2025--(BUSINESS WIRE)--VSE Corporation ("VSE" or the "Company") (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility. The Company entered into a new $300 million Term Loan A and a $400 million revolving credit facility, both maturing on May 2, 2030. These facilities refinance and replace the Company's previous debt arrangements, which were scheduled to mature in October 2026. Borrowings under the new facilities will initially bear interest at the Secured Overnight Financing Rate (SOFR) plus 175 basis points, representing a reduction of approximately 60 basis points compared to the terms of the prior facilities. "This refinancing supports the culmination of our multi-year transformation to a pure-play aviation aftermarket business and positions VSE to execute our growth strategies with increased agility," said Adam Cohn, Chief Financial Officer of VSE Corporation. "We're pleased to have secured more favorable terms, including a lower interest rate and expanded borrowing capacity, which will reduce our cost of capital and enhance our liquidity. The strong demand for this facility is a testament to the strength of our financial profile, the resilience of our business model, and the confidence our lenders have in VSE's future." Citizens Bank, N.A. acted as the administrative agent, lead-left bookrunner and joint lead arranger, for the syndicate of nine banks. ABOUT VSE CORPORATION VSE is a leading provider of aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. VSE's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. For more detailed information, please visit VSE's website at FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements, including statements regarding the anticipated benefits of the refinancing transactions. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE's actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, our increased leverage as a result of the additional indebtedness, our ability to achieve the anticipated benefits of the refinancing transactions, including our strategic growth priorities, and the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. View source version on Contacts INVESTOR RELATIONS CONTACT: Michael PerlmanVice President of Investor Relations and TreasuryPhone: (954) 547-0480Email: investors@ Sign in to access your portfolio
