Technology

V2X announces successful repricing and extension of Term Loan

Published

7 months ago

June 3, 2024

MCLEAN, Va., June 3, 2024 /PRNewswire/ — V2X, Inc. (NYSE: VVX) announces it has successfully repriced and extended its $907 million First Lien Term Loan.

Under the repricing, the annual interest margin was reduced by 50 basis points to 2.75%. Additionally, the 10-basis point Credit Spread Adjustment was eliminated from the company’s Secured Overnight Financing Rate, further improving the anticipated savings from the repricing. The company also extended the maturity of the loan by two years to December 2030.

“I’m pleased to report the successful repricing of our first lien term loan, which is another positive step in our efforts to increase shareholder value and enhance the company’s capital structure,” said Shawn Mural, Senior Vice President and Chief Financial Officer at V2X. “The repricing is expected to yield notable interest expense savings and lower the overall cost of capital, while extending those benefits for another two years. This outcome is a testament to the strength in our business, supported by V2X’s robust backlog, strong cash flow generation capabilities, and progress deleveraging the balance sheet.”

About V2X

V2X builds smart solutions designed to integrate physical and digital infrastructure – by aligning people, actions, and outputs. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.

The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 16,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements in this release that are not historical, including, without limitation, interest expense savings, cost of capital, strength in our business, long-term contracts, cash flow generation capabilities, backlog, and progress deleveraging the balance sheet.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intent,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue,” “can,” “goal,” “long-term,” “drive,” “next,” and variations of such words and or similar expressions and terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.

We do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

Technology

VPN Proxy Master Leads the 2024 VPN Market with New Features and Holiday Deals

Published

2 hours ago

December 23, 2024

SINGAPORE, Dec. 22, 2024 /PRNewswire/ — As the demand for online privacy reaches unprecedented levels, the global VPN market has seen a remarkable surge of over 30% in 2024. Addressing this growing need for secure and unrestricted internet access, VPN Proxy Master, a trusted name in network security, has introduced significant updates and exclusive offers to empower users worldwide.

A Growing Need for Privacy: VPN Market Trends in 2024

With increasing concerns over cybersecurity, the VPN market has become essential for professionals and everyday users alike. The growth in 2024 has been driven by heightened awareness of data privacy, as cyber threats and public Wi-Fi risks make secure browsing a top priority.

VPN Proxy Master continues to lead the charge in the cyber security space, offering cutting-edge security features that protect users from various online vulnerabilities. From securing sensitive work documents to maintaining anonymity while streaming, VPN Proxy Master is designed to meet the diverse needs of its growing user base.

Enhanced Features for Windows Users

One of VPN Proxy Master’s most exciting updates for 2024 is the introduction of seven free server options for Windows users, expanding access far beyond the single US-based server previously available. This feature ensures a smoother and more flexible browsing experience, allowing users to choose the best connection for their location and needs.

“Our goal has always been to provide users with unparalleled convenience and security,” says a VPN Proxy Master spokesperson. “This update is part of our commitment to creating a user-friendly platform that exceeds expectations.”

Why Users Choose VPN Proxy Master

With over 6,000 fully encrypted servers worldwide, VPN Proxy Master has become a preferred choice for professionals and individuals seeking secure online solutions. The platform’s top features include:

100% No-Log Policy: User activity is never tracked or storedAES 256-Bit Encryption: The highest standard of online securityMulti-Device Coverage: Protect up to six devices simultaneouslyExceptional User Reviews: High ratings from satisfied customersLightning-Fast Connections: Optimised servers ensure speed without compromise

Users Are Empowering Online Freedom

Across the globe, VPN Proxy Master users are benefiting from its powerful features.

Jonathan, a frequent traveler from the US, shares: “I rely on VPN Proxy Master to access work files securely when I’m on public Wi-Fi. It’s fast, reliable, and keeps my data safe.”Sophie, a digital nomad from the UK, adds: “Online privacy is non-negotiable for me. VPN Proxy Master ensures I can browse and work securely, no matter where I am.”

These testimonials illustrate how VPN Proxy Master not only protects users but also enhances their productivity and peace of mind.

Celebrate the Holidays with a Special Christmas Offer

As a token of appreciation for its loyal users, VPN Proxy Master is introducing an exclusive Christmas promotion. From now until January 2, 2025, customers purchasing a VPN subscription will receive an additional three months of service free. This limited-time offer provides an excellent opportunity for users to safeguard their online activities during the festive season and into the new year.

The Most Secure Global VPN for Professionals

VPN Proxy Master’s dedication to innovation and user-focused solutions has cemented its position as a leader in the industry. With a no-log policy, AES 256-bit encryption, and multi-device support, the platform is designed for users who value privacy, efficiency, and reliability.

Join the VPN Proxy Master Community

The company’s mission is to make the Internet a safer and more accessible space for all. Whether you’re a professional protecting sensitive work data, a student seeking unrestricted access to resources, or a family looking to enhance online safety, VPN Proxy Master has the right solution for you.

To learn more about VPN Proxy Master, explore its features, or take advantage of the Christmas promotion, visit the official website at vpnproxymaster.com or follow our X account: https://x.com/VPNProxyMaster_ for the latest updates and offers.

About VPN Proxy Master
VPN Proxy Master is a flagship product of Lemon Clove Pte. Limited, committed to delivering advanced VPN technology to users worldwide. With an emphasis on privacy, security, and reliability, the platform empowers users to take control of their digital experiences in an increasingly connected world.

For inquiries, please contact:
Email: support@vpnproxymaster.com

This holiday season, give yourself the gift of online security with VPN Proxy Master—where privacy and performance meet.

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SOURCE VPN Proxy Master

Technology

Goldpac Wins the 2024 KPMG China Corporate Governance Pioneers Award

Published

2 hours ago

December 23, 2024

HONG KONG, Dec. 23, 2024 /PRNewswire/ — Recently, KPMG China announced the winners of the Second KPMG ESG 50 Awards • 2024. Goldpac was awarded with the Corporate Governance Pioneers with its outstanding performance in terms of governance structures, decision-making mechanisms, internal control, information disclosure, protection of shareholders’ equity, etc.

As the leading fintech enterprise around the globe, Goldpac has always maintained good profitability since its listing, and has achieved a total revenue of RMB 16.1 billion and a total profit of RMB 1.9 billion, remaining leading profitability in the industry. While committing itself to steady growth, Goldpac also maintains an active and stable dividend policy to actively return to its shareholders.

At the same time, Goldpac attaches great importance on technology development and sustainable growth. Riding the wave of global digitalisation, Goldpac is accelerating the promotion of its digital and platform-based strategy, using the UMV platform that integrates cutting-edge technologies such as AI and big data to build an innovative ecosystem of secure payment chain with upstream and downstream industry participants. Moreover, Goldpac also continues to promote the expansion of secure payment chips into multiple fields, broadening its service territory.

Goldpac always combines its business operations with the co-development of the environment and the society, and has established an effective ESG governance system covering ESG objectives such as energy saving and emission reduction, promotion of green and low-carbon products, green procurement, digital construction, competitiveness and profitability.

Regarding the protection of shareholders’ equity, Goldpac adopts sufficient and effective information disclosure and market communication strategies to maintain good transparency, which is acknowledged by the capital market. Therefore, Goldpac was awarded with many honors like the “Best Shareholder Return Listed Company”, the “Most Social Responsible Listed Company” , building a sustainable internal and external ecology.

In recent years, ESG practices have become one of the key elements for corporate value realisation and resilient growth. Looking ahead, Goldpac will adhere to the global ESG development trend, give full play to its advantages in financial technology, and continuously improve its digital competitiveness to promote sustainable economic and social development.

View original content:https://www.prnewswire.com/apac/news-releases/goldpac-wins-the-2024-kpmg-china-corporate-governance-pioneers-award-302337109.html

SOURCE Goldpac Group

Technology

JA Solar and Huawei Collaborate with UNESCO and Thailand’s Ministry of Education to Advance Green Education

Published

2 hours ago

December 23, 2024

BEIJING, Dec. 23, 2024 /PRNewswire/ — JA Solar, a global leader in the PV industry, recently joined forces with Huawei, UNESCO, and Thailand’s Ministry of Education to launch a green education initiative at the Banna District Learning Encouragement Center in Nakhon Nayok Province, Thailand. The project aims to provide clean energy solutions and digital education opportunities to 11 schools and community centers, fostering a new generation equipped with green skills and digital literacy.

As a key component of this initiative, JA Solar donated its high-efficiency n-type PV modules, DeepBlue 4.0 Pro, to schools, deeply engaging in the construction of a green school education system by installing solar PV and energy storage equipment in multiple middle schools, and providing training on the application and management of green energy for teachers and students to help them understand the practical value of clean energy. DeepBlue 4.0 Pro, renowned for its high conversion efficiency and high reliability, enabling schools to achieve a sustainable clean energy supply.

Moreover, JA Solar is committed to enhancing vocational education by helping schools establish dedicated training bases for solar PV system installation. Through comprehensive practical courses, students gain vital skills in installation, maintenance, and operation of PV systems, preparing them for future careers in the burgeoning renewable energy sector.

One of the project’s first implementation sites, Kanchanapisek Vocational Training College, is integrating the donated solar PV system into its teaching curriculum. Students benefit from simulated real-world installation and maintenance scenarios, gaining key employability skills. Meanwhile, at the Banna District Learning Encouragement Center, JA Solar and its partners installed solar energy storage systems for the community library and learning center. In addition, a “Digital Bus” was introduced to offer mobile digital education, providing free training on telecommunications, cybercrime awareness, and green energy to local residents and students. These efforts not only improve the community’s energy efficiency but also create valuable learning and development opportunities.

With plans to extend this program to additional schools and communities, JA Solar and its partners aim to maximize the dual benefits of green energy and digital education, contributing significantly to sustainable development in Thailand and globally.

“We are honored to contribute to Thailand’s green education project,” said Aiqing Yang, Executive President of JA Solar. “Upholding our mission of ‘Developing Solar Power to Benefit the Planet,’ this initiative not only accelerates Thailand’s energy transition but also empowers students with practical knowledge to build a sustainable future. Looking ahead, JA Solar will continue to deliver green energy solutions and educational resources to more regions, advancing together toward a low-carbon, sustainable future.”

SOURCE JA Solar Technology Co., Ltd.