BWX Technologies US$800m secured credit facility (2018)
Replace the existing credit facility, alongside the US$400m notes issue
Key terms
- Borrower or issuer
- BWX Technologies
- Date
- 24 May 2018
- Type
- Bank facility
- Amount
- US$800m
- Maturity
- 2023
Recorded terms
- Structure
- US$500m senior secured revolving credit facility, US$50m term loan A and a C$ term loan of about US$250m
- Lenders and arrangers
- Wells Fargo Bank, N.A. (administrative agent)
- Country
- United States
Parties
- BWX Technologies borrower or issuer
- Agent: Wells Fargo, Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Aug 2018 | Northrop Grumman US$2bn revolving credit facility (2018) | Bank facility | US$2bn |
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
| 28 Jun 2019 | L3Harris US$2bn five-year revolving credit facility | Bank facility | US$2bn |
More from BWX Technologies
| Date | Financing | Type | Amount |
|---|---|---|---|
| 10 Nov 2025 | BWX Technologies US$1,100m convertible senior notes due 2030 | Convertible | US$1.1bn |
| 12 Oct 2022 | BWX Technologies US$1.0bn secured credit facility (2022) | Bank facility | US$1bn |
| 29 Mar 2021 | BWX Technologies US$400m 4.125% senior notes due 2029 | Bond | US$400m |
| 9 Jun 2020 | BWX Technologies US$400m 4.125% senior notes due 2028 | Bond | US$400m |
| 18 May 2018 | BWX Technologies US$400m 5.375% senior notes due 2026 | Bond | US$400m |
Sources
- BWX Technologies Form 8-K sec.gov · 24 May 2018
About this record
Record DEF-2018-0006, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
