BWX Technologies secures consent for debt amendments
BWXT•BWX Technologies accepted $370.59 million of its 4.125% notes due 2028 and $371.31 million of its 4.125% notes due 2029 for repurchase. Settlement is scheduled for November 13, 2026, subject to conditions including completion of a new notes offering.
1. Notes accepted for repurchase
BWX Technologies accepted $370.59 million of its 4.125% Senior Notes due 2028 and $371.31 million of its 4.125% Senior Notes due 2029. Consideration, excluding accrued interest, is $983.15 per $1,000 principal for the 2028 Notes and $974.44 for the 2029 Notes.
2. Settlement and amendments
Settlement is scheduled for November 13, 2026, subject to conditions including completion of a new notes offering. The purchased notes will be cancelled. Supplemental indentures became effective upon execution, while the amendments will become operative when the relevant notes are paid for at settlement.
