KBR unwinds warrant transactions with three counterparties; estimated cost ~$124M at current stock price

KBR, INC.

KBR terminated warrant transactions with Bank of America, Citibank, and BNP Paribas via unwind agreements.
Measurement period runs ~37 trading days; cost based on VWAP of KBR common stock.
At average VWAP of $50 (near Nov 6 close of $49.88), aggregate cost ~$124M.
Cost ranges from ~$85M at $45 VWAP to ~$168M at $55 VWAP, linear in between.
Payments settle in cash; measurement period subject to early termination or disruption extensions.

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