Amendment: Verra Mobility Corporation filed SEC Form 8-K: Creation of a Direct Financial Obligation, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Explanatory Note
Item 1.01 Entry into a Material Definitive Agreement.
On May 15, 2025, certain direct and indirect wholly owned subsidiaries of Verra Mobility Corporation (the “Company”), including Greenlight Acquisition Corporation (“Holdings”), VM Consolidated, Inc. (“VM Consolidated”), certain U.S. subsidiaries of VM Consolidated, as borrowers (collectively with VM Consolidated, the “ABL Borrowers”), and certain other U.S. subsidiaries of VM Consolidated, as subsidiary guarantors, entered into the Amendment No. 4 to Revolving Credit Agreement (the “Fourth ABL Amendment”) with Bank of America, N.A., as a lender and in its capacity as administrative agent and collateral agent (in such capacities, the “Agent”). The Fourth ABL Amendment amends the Revolving Credit Agreement, dated as of March 1, 2018 (as previously amended, the “Existing ABL Credit Agreement”), among Holdings, the ABL Borrowers, the lenders from time to time party thereto and the Agent. The Existing ABL Credit Agreement has a maturity date of December 20, 2026 and provides for a $75 million senior secured revolving credit facility for loans and letters of credit, with availability determined according to a monthly borrowing base valuation of certain eligible inventory and accounts receivable.
The Fourth ABL Amendment increases the commitments under the Existing ABL Credit Agreement from $75 million to $125 million. Except as amended by the Fourth ABL Amendment, the remaining material terms of the Existing ABL Credit Agreement are unchanged and remain in full force and effect.
The foregoing description does not constitute a complete summary of the terms of the Fourth ABL Amendment and is qualified in its entirety by reference to the full text of the Fourth ABL Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Description of Exhibits |
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10.1* |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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* Previously filed with the Original Report.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 16, 2025 |
Verra Mobility Corporation |
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By: |
/s/ Craig Conti |
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Name: |
Craig Conti |
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Title: |
Chief Financial Officer |
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