Verra Mobility Corp's unit entered into Amendment No. 4 to its Revolving Credit Agreement on May 15, 2025. This amendment increased the existing commitment from $75.0 million to $125.0 million, providing the company with greater financial flexibility.
The increased commitment is available for loans and letters of credit, enhancing Verra Mobility's liquidity position. The remaining terms of the Revolver, including its maturity date of December 18, 2026, remained unchanged.
As of June 30, 2025, there were no outstanding borrowings on the Revolver, and the availability to borrow stood at $123.9 million, net of $1.1 million in outstanding letters of credit. This move strengthens the company's balance sheet and capacity for future strategic initiatives.
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