secwatch.observer — SEC 8-K summary
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Issuer:     KBR, INC. (KBR)
CIK:        0001357615
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001357615-23-000137
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357615/000135761523000137/0001357615-23-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357615/000135761523000137/kbr-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001357615-23-000137

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