KBR US$1.0bn term loan B (2024)
Repay the existing term loan B, part-repay the revolving credit facility, and pay fees
Key terms
- Borrower or issuer
- KBR
- Date
- 19 Jan 2024
- Type
- Bank facility
- Amount
- US$1bn
- Pricing
- Lower margin than the term loan it replaced
- Maturity
- 2031-01
Recorded terms
- Structure
- Incremental term loan B under Amendment No. 11 to the 2018 credit agreement, fully drawn at signing
- Lenders and arrangers
- Bank of America, N.A., administrative agent
- Country
- United States
Parties
- KBR borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
| 24 Oct 2023 | RTX US$10bn bridge loan facilities for the accelerated share repurchase | Bank facility | US$10bn |
| 30 May 2024 | V2X US$907m first lien term loan refinancing (2024) | Bank facility | US$906.6m |
| 14 Jul 2023 | HEICO US$2.0bn revolving credit facility upsize (2023) | Bank facility | US$2bn |
| 17 Sep 2024 | Huntington Ingalls Industries US$1.7bn revolving credit facility (2024) | Bank facility | US$1.7bn |
More from KBR
| Date | Financing | Type | Amount |
|---|---|---|---|
| 16 Sep 2020 | KBR US$250m 4.750% senior notes due 2028 | Bond | US$250m |
| 7 Feb 2020 | KBR US$1.795bn senior secured credit facilities refinancing | Bank facility | US$1.79bn |
| 13 Nov 2018 | KBR US$350m 2.50% convertible senior notes due 2023 | Convertible | US$350m |
| 25 Apr 2018 | KBR US$2.15bn senior secured credit facilities for the SGT acquisition | Acquisition finance | US$2.15bn |
M&A and investment involving KBR
| Date | Deal | Type | Value |
|---|---|---|---|
| 3 Sep 2024 | KBR acquisition of LinQuest | M&A | Not disclosed |
| 5 Oct 2020 | KBR acquisition of Centauri | M&A | US$827m |
Sources
- KBR Form 8-K: Amendment No. 11 and US$1.0bn term loan B sec.gov · 23 Jan 2024
About this record
Record DEF-2024-0018, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
