Verra mobility announces closing of senior notes offering and refinancing of credit facility

Mesa, ariz., march 26, 2021 /prnewswire/ -- verra mobility (nasdaq: vrrm), a leading provider of smart mobility technology solutions, today announced that it has completed its offering of 5.5 percent $350 million senior unsecured notes due 2029 (the "notes" ) and refinanced its existing 2018 credit agreement (as amended, the "credit agreement" ) with a new $650 million first lien term loan bearing an interest rate of the london interbank offered rate ( "libor" ) plus 3.25 percent, which matures in 2028.
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