KBR amends credit agreement to replace LIBOR with Term SOFR for Term B facility

KBR, INC.

Amendment No. 9 dated June 6, 2023 replaces LIBOR with Term SOFR for Term B loans.
SOFR adjustment set at 0.11448% (1-month) and 0.26161% (3-month) interest periods.
Maturity remains November 18, 2026; all other material terms unchanged.
Existing Eurocurrency Rate Loans continue until current interest period ends, then convert to Term SOFR.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KBR, INC. amended Amendment No. 9 with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto and each of the subsidiaries of the Company party thereto (effective 2023-06-06).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto and each of the subsidiaries of the Company party thereto
Effective: 2023-06-06

Exact text from the filing

On June 6, 2023, KBR, Inc. (the “Company”) entered into Amendment No. 9 (the “Amendment”) to its existing Credit Agreement, dated as of April 25, 2018

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Source: SEC EDGAR

accession 0001357615-23-000115

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