VSE Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

3 Months Ended

Mar. 31, 2024

Long-term debt consisted of the following (in thousands):


	March 31,		December 31,
	2024		2023
Bank credit facility - term loan	$	300,000	$	300,000
Bank credit facility - revolving facility	184,946		133,000
Principal amount of long-term debt	484,946		433,000
Less: debt issuance costs	(3,324)		(3,656)
Total long-term debt	481,622		429,344
Less: current portion	(30,000)		(22,500)
Long-term debt, less current portion	$	451,622	$	406,844

Schedule of Term Loan Payments

Future required term loan and revolving facility payments as of March 31, 2024 are as follows (in thousands):


Year Ending	Term Loan		Revolving Facility		Total
Remainder of 2024	$	22,500	$	—	$	22,500
2025	30,000		—		30,000
2026	247,500		184,946		432,446
Total	$	300,000	$	184,946	$	484,946

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details