BWX Technologies amends $1.25 billion credit facility, extending maturity to 2031
BWX Technologies said the minimum interest coverage ratio no longer applies if no default or event of default exists and the company obtains investment grade corporate or corporate family ratings, stable outlook or better, from at least two designated rating agencies.
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On November 3, 2026, BWX Technologies entered into a First Amendment to its Second Amended and Restated Credit Agreement with subsidiary guarantors party to the amendment for limited purposes, Wells Fargo Bank, National Association, as administrative agent, and other lenders. The amendment changes the company's existing credit agreement dated November 10, 2025.
The amendment extends the maturity of the $1.25 billion senior secured revolving credit facility by one year, to November 10, 2031.
The amendment also changes the pricing grid so that it is based on the lower of the existing grid tied to the company's leverage ratio and a grid tied to its corporate or corporate family rating from designated rating agencies, as applicable.
Except as amended, the terms of the credit agreement remain in full force and effect.
Key facts
- Amendment date
- November 3, 2026
- Facility
- $1.25 billion senior secured revolving credit facility
- New maturity
- November 10, 2031
- Credit agreement dated
- November 10, 2025
- Administrative agent
- Wells Fargo Bank, National Association
Source: Form 8-K filed November 3, 2026.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
