KBR US$350m 2.50% convertible senior notes due 2023
Repay part of the senior secured credit facilities, and about US$40m for capped call transactions
Key terms
- Borrower or issuer
- KBR
- Date
- 13 Nov 2018
- Type
- Convertible
- Amount
- US$350m
- Pricing
- 2.50%
- Maturity
- 2023
Recorded terms
- Structure
- Rule 144A convertible senior notes with a US$52.5m over-allotment option; principal to be settled in cash at maturity
- Country
- United States
Parties
- KBR borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Aug 2020 | Parsons US$350m 0.25% convertible senior notes due 2025 | Convertible | US$350m |
| 9 Dec 2016 | Aerojet Rocketdyne US$300m 2.25% convertible senior notes due 2023 | Convertible | US$300m |
| 31 Oct 2022 | Ondas Holdings US$34m convertible senior notes | Convertible | US$34.5m |
| 31 Jan 2023 | Rheinmetall €1bn convertible bonds (2028 and 2030 series) | Convertible | €1bn |
| 27 Feb 2024 | Parsons US$700m 2.625% convertible senior notes due 2029 | Convertible | US$700m |
More from KBR
| Date | Financing | Type | Amount |
|---|---|---|---|
| 19 Jan 2024 | KBR US$1.0bn term loan B (2024) | Bank facility | US$1bn |
| 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 |
| 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$827m |
Sources
About this record
Record DEF-2018-0016, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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 convertible pays a low coupon because holders can swap the notes for shares above a premium; capped calls and the conversion price set the dilution.
