VSE Corporation announced that it has successfully negotiated and closed an amendment to its loan agreement with its bank group. The amended loan agreement adds three new lenders to the bank group, bringing it to a total of nine banks. Citizens Bank served as the Sole Lead Arranger and Sole Book Running Manager. The amended loan agreement, among other changes, extends the maturity date from January 2020 to January 2023, provides a more favorable interest rate structure, and increases the amount of available bank funding. Before the closing of the amended loan agreement, the outstanding principal balance under the company’s term loan was approximately $94.4 million. The company also had capacity of $150 million under its revolving loan facility. The amended loan agreement provides for a term loan of $100 million and a revolving loan facility of $300 million, thereby providing an additional $155.6 million in committed funding. The amended loan agreement also increases the aggregate amount of any incremental loan facilities from $75 million to $100 million.