Redwire Corp 8-K

What Happened
Redwire Corporation (RDW) filed an 8‑K reporting that on February 20, 2026 its subsidiary, Redwire Defense Tech Intermediate Holdings, LLC, entered into an Amended and Restated Credit Agreement (A&R Credit Agreement) with JPMorgan Chase Bank, N.A. as administrative agent. The A&R Credit Agreement (i) replaces prior term loans with a new $90 million term loan and extends the term‑loan maturity from April 28, 2027 to May 31, 2029, and (ii) establishes a revolving credit facility with commitments up to $30 million (including a $10 million swingline), maturing May 31, 2029. The company also filed a press release on February 25, 2026 announcing its results of operations for the fourth quarter and year ended December 31, 2025 (Exhibit 99.1).

Key Details

• A&R Credit Agreement dated February 20, 2026 with JPMorgan Chase as Administrative and Collateral Agent.
• New $90 million term loan replacing previous term loans; term‑loan maturity extended to May 31, 2029 (was April 28, 2027).
• Revolving Facility of up to $30 million, including a $10 million swingline sub‑facility, maturing May 31, 2029.
• Interest options: SOFR‑based loans (margin 3.25%–3.75%) or base‑rate loans (margin 2.25%–2.75%), margins vary by the Lead Borrower’s Consolidated Total Net Leverage Ratio.
• Obligations are guaranteed by the Parent and certain subsidiaries and secured by first‑priority liens on substantially all present and future assets (subject to customary exceptions).
• On February 20, 2026 Redwire repaid in full and terminated its prior Adams Street Credit Agreement (originally dated October 28, 2020) without paying termination penalties.
• Company furnished a press release on February 25, 2026 reporting Q4 and full‑year 2025 results (see Exhibit 99.1 for details).

Why It Matters
This financing update affects Redwire’s liquidity and near‑term refinancing risk: the new term loan and $30M revolver extend debt maturities to 2029 and provide additional committed borrowing capacity. The facility is secured and subject to customary covenants, which can limit certain transactions and affect operational flexibility. Interest costs will vary with the company’s leverage (SOFR or base rate plus margin), so the company’s borrowing expense will depend on its future leverage metrics. Investors should review the February 25 press release (Exhibit 99.1) and the A&R Credit Agreement (Exhibit 10.1) for full financial details and covenant terms.