BWX Technologies, Inc. Announces Pricing Terms, Expiration and Results of Cash Tender Offers and Consent Solicitations for Its 4.125% Senior Notes due 2028 and 4.125% Senior Notes due 2029
Key Highlights
- ➤$370.591M of 2028 Notes tendered; BWXT will pay $983.15 per $1,000
- ➤$371.309M of 2029 Notes tendered; BWXT will pay $974.44 per $1,000
- ➤Requisite consents received for proposed amendments to both note indentures
- ➤Settlement scheduled November 13, 2026, subject to New Notes Offering completion
- ➤New Notes Offering completion remains uncertain and is not assured
BWX Technologies, Inc. Announces Pricing Terms, Expiration and Results of Cash Tender Offers and Consent Solicitations for Its 4.125% Senior Notes due 2028 and 4.125% Senior Notes due 2029
BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”) announced today the pricing terms, expiration and results of its previously announced (i) offers to purchase for cash (the “Offers”) from each holder and beneficial owner (each, a “Holder”) any and all of its outstanding 4.125% Senior Notes due 2028 (CUSIP Nos. 05605H AB6 / U12213 AB7) (the “2028 Notes”) and 4.125% Senior Notes due 2029 (CUSIP Nos. 05605H AC4 / U12213 AC5) (the “2029 Notes” and, together with the 2028 Notes, the “Notes” and each, a “Series”) and (ii) solicitations (the “Solicitations”) of consents (“Consents”) to certain proposed amendments to each of the indentures governing the Notes (as amended or supplemented, the “Indentures”).
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