On April 23, 2024, VSE Corporation and a majority of its wholly owned subsidiaries, as borrowers, entered into that certain Seventh Amendment (the ?Amendment?) to the Fourth Amended and Restated Business Loan and Security Agreement, dated as of January 5, 2018 (as amended, restated or otherwise modified to date, the ?Credit Agreement?) with Citizens Bank, N.A. and certain other banks and financial institutions from time to time party thereto (the ?Lenders?) as lenders, and Citizens Bank, N.A., as administrative agent (as successor by merger to Citizens Bank of Pennsylvania) (in such capacity, the ?Administrative Agent?). The Amendment, among other things, provides flexibility for the Company to enter into certain accounts receivables factoring arrangements, including arrangements assumed in connection with the acquisition of Turbine Controls Inc.