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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

BWXT
  • BWXT announced the pricing terms & results of its cash offers to purchase outstanding 2028 & 2029 Senior Notes.
  • The Offers & Solicitations expired at 5:00 p.m. New York City time on November 10, 2026.
  • BWXT accepted all validly tendered & non-withdrawn Notes totaling $370,591,000 of the 2028 Series & $371,309,000 of the 2029 Series.
  • Consideration for the 2028 Notes is $983.15 per $1,000 principal amount, yielding 4.713%.
  • Consideration for the 2029 Notes is $974.44 per $1,000 principal amount, yielding 4.761%.
  • Consideration was determined at 3:00 p.m. New York City time on November 10, 2026.
  • Settlement is scheduled for November 13, 2026, at which time accrued interest will be paid & interest will cease to accrue.
  • BWXT received requisite consents & executed New Supplemental Indentures to amend the governing indentures.
  • BWXT's obligation to purchase Notes is subject to conditions including the successful completion of a New Notes Offering.
  • D.F. King & Co., Inc. serves as the tender agent, while J.P. Morgan Securities LLC acts as the sole dealer & solicitation manager.
  • The press release contains forward-looking statements regarding the Offers, Solicitations, & New Notes Offering subject to risks.