BWX Technologies, Inc. (BWXT): debt financing — BWXT prices $1.25B 0% convertible notes due 2030 and enters new $1.25B credit facility

BWX Technologies, Inc.

Issued $1.25B aggregate principal of 0% Convertible Senior Notes due Nov 2030; initial conversion price ~$262.51/share (32.5% premium to $198.12).
Initial purchasers fully exercised option to add $150M; total upsized from $1.1B.
Entered capped call transactions (cap $396.24/share) to offset dilution upon conversion.
Net proceeds used: ~$830.8M to repay existing credit facility, ~$116.1M for capped call cost, remainder for general corporate.
New $1.25B senior secured revolving credit facility matures Nov 2030; no outstanding borrowings at close except $1.4M in undrawn LCs.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BWX Technologies, Inc. incurred convertible notes of $1,250,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 0% maturing November 1, 2030.

Instrument: convertible notes
Principal: $1,250,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0%
Maturity: November 1, 2030
Event: incurrence

Exact text from the filing

On November 10, 2025, BWX Technologies, Inc. (the “Company”) issued $1,250,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2030

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

BWX Technologies, Inc. issued convertible note to initial purchasers for $1,250,000,000 aggregate principal amount.

Security: convertible note
Purchaser: initial purchasers
Consideration: $1,250,000,000 aggregate principal amount

Exact text from the filing

On November 10, 2025, BWX Technologies, Inc. (the “Company”) issued $1,250,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2030 (the “Notes”).

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

BWX Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-109152

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