BWX Technologies extends $1.25 billion revolving credit facility maturity to November 2031
BWXT•BWX Technologies amended its $1.25 billion senior secured revolving credit facility, extending its maturity by one year to November 10, 2031. The amendment also changes interest coverage requirements and pricing terms.
1. Facility amendment
BWX Technologies amended its $1.25 billion senior secured revolving credit facility on November 3, 2026, extending the maturity to November 10, 2031. Wells Fargo Bank is the administrative agent. The minimum interest coverage ratio no longer applies if there is no default and the company has qualifying investment-grade ratings with stable outlooks or better from at least two designated agencies. Pricing will use the lower of the existing leverage-based grid or a grid tied to corporate or corporate family ratings.
