Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01 Entry into a Material Definitive Agreement On November 3, 2026, BWX Technologies, Inc. (the “Company”) entered into a First Amendment to Second Amended and Restated Credit Agreement (the “Amendment”) with the subsidiary guarantors party thereto (for the limited purposes set forth therein), Wells Fargo Bank, National Association, as administrative agent, and the other lenders party theret…
Filed Nov 3, 2026Accepted Nov 3, 2026, 4:05 PM ESTCIK 1486957Accession 0001104659-26-121983
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company with approximately 10,000 employees, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, nuclear medicine, space exploration and environmental restoration. BWXT owns and operates 17 manufacturing facilities globally, and its 14 strategic partnerships support the U.S. and Canadian governments at more than two dozen additional locations.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement
On November 3, 2026, BWX Technologies,
Inc. (the “Company”) entered into a First Amendment to Second Amended and Restated Credit Agreement (the “Amendment”)
with the subsidiary guarantors party thereto (for the limited purposes set forth therein), Wells Fargo Bank, National Association, as
administrative agent, and the other lenders party thereto (the “Lenders”), which amends the Company’s existing Second
Amended and Restated Credit Agreement, dated as of November 10, 2025, with the Lenders (the “Credit Agreement”). The Amendment,
among other things, (i) extends the maturity of the $1.25 billion senior secured revolving credit facility pursuant to the Credit Agreement
by one year to November 10, 2031, (ii) modifies the minimum interest coverage ratio such that it 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, and (iii) modifies the pricing grid to be based on the lower of the existing pricing grid that is tied
to the Company’s leverage ratio and a pricing grid tied to the Company’s corporate or corporate family rating, as applicable,
from designated rating agencies. Except as amended by the Amendment, the terms of the Credit Agreement remain in full force and effect.
The foregoing description
of the Amendment is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of
the Amendment, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant
The information set forth
under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.