Redwire Revises Terms for Acquisition of Edge Autonomy

2025-06-09 12:31:24 ET

Redwire Corporation (NYSE: RDW ) has announced an amendment to its definitive agreement to acquire Edge Autonomy , a company focused on uncrewed airborne systems. Under the revised terms, Redwire will purchase Edge Autonomy for $925 million, adjusting the previous structure to include $160 million in cash and $765 million in Redwire common stock. The cash portion includes an unsecured promissory note of $100 million, which carries an interest rate of 15% to 18% and features a minimum return based on the repayment timeline.

The amendment also covers changes to Redwire's existing credit agreement, extending its maturity to April 2027 and modifying interest rates. Financial commitments have been secured from major institutions including Texas Capital Securities, JPMorgan Chase Bank, Bank of America, and Truist Bank, totaling at least $90 million.

Redwire's Board of Directors and an independent special committee have approved the revised transaction. Additionally, entities representing over 69% of Redwire's voting power have pledged support. To allow more time for stockholder review, Redwire has adjourned its stockholder meeting to June 13, 2025.

The post Redwire Revises Terms for Acquisition of Edge Autonomy appeared first on PRISM MarketView .

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