BWX Technologies, Inc. (BWXT) Form 8-K — Nov 3, 2026
BWX Technologies entered into a First Amendment to its credit agreement on November 3, 2026, extending the maturity of its $1.25 billion senior secured revolving credit facility by one year to November 10, 2031. The amendment also modifies the minimum interest coverage ratio covenant so it no longer applies if the company holds investment-grade ratings from at least two designated agencies with stable outlook or better. Pricing was also improved: the pricing grid will now be based on the lower of the leverage-based grid and a new ratings-based grid, meaning better credit ratings translate directly into cheaper borrowing costs.
Key figures
- Debt Amount
- $1.25 billion revolving credit facility
- Maturity Date
- 2031-11-10
- Senior notes maturities
- ["2028","2029"]
- Interest rate on senior notes
- 4.125%
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