secwatch.observer — SEC 8-K summary
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Issuer:     BWX Technologies, Inc. (BWXT)
CIK:        0001486957
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001104659-22-108099
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BWXT closes amended $1B credit facility; $750M revolver + $250M term loan through 2027
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- New $750M senior secured revolver and $250M term loan A, both maturing Oct. 12, 2027.
- Term loan proceeds used to repay outstanding prior credit facility borrowings.
- Revolver maturity extended ~2.5 years; leverage covenant allows netting up to $100M cash.
- $570M outstanding at close ($250M term loan + $320M revolver); $393M revolver availability.
- Interest rate options: SOFR + 0.10% spread + 1.00%-1.75% margin, or base rate + 0.00%-0.75%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486957/000110465922108099/0001104659-22-108099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486957/000110465922108099/tm2228080d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-108099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer