---
schema_version: "secwatch.filing_event.v1"
accession: "0001357615-24-000004"
form_type: "8-K"
ticker: "KBR"
cik: "0001357615"
company_name: "KBR, INC."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:55:55.482967+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KBR closes $1B incremental term B loan, extends maturity to 2031

## Summary
- Borrowed $1.0B incremental Term B loan; used to repay existing term B loans and partially reduce revolver.
- Maturity extended from Feb 2027 to Jan 2031; interest rate margin set at 2.25% Term SOFR (initial), stepping down to 2.00% at low leverage.
- Quarterly amortization of 0.25% of initial principal ($2.5M/quarter) begins June 2024.
- Consolidated net leverage ratio unchanged; other material terms remain substantially the same.
- 1.00% prepayment premium applies on repricing events within six months (excludes change of control, asset sale, material acquisition).

## SEC filing metadata
- accession: 0001357615-24-000004
- form_type: 8-K
- ticker: KBR
- cik: 0001357615
- company_name: KBR, INC.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1357615/000135761524000004/0001357615-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1357615/000135761524000004/kbr-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001357615-24-000004
- JSON: https://secwatch.observer/filing/0001357615-24-000004.json
- Plain text: https://secwatch.observer/filing/0001357615-24-000004.txt

## Key facts
- Debt Financings
  KBR, INC. incurred term loan of $1.0 billion with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto maturing January 19, 2031.
  - Instrument: term loan
  - Principal: $1.0 billion
  - Counterparty: Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto
  - Maturity: January 19, 2031
  - Event: incurrence
  source text: On January 19, 2024, the Company borrowed the full $1.0 billion principal amount available under this additional loan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357615/000135761524000004/0001357615-24-000004-index.htm
- Material Agreements
  KBR, INC. amended Credit Agreement with Bank of America, N.A. valued at $1.0 billion (effective 2024-01-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $1.0 billion
  - Effective: 2024-01-19
  source text: On January 19, 2024, KBR, Inc. (the “Company”) entered into Amendment No. 11 (the “Amendment”) to its existing Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357615/000135761524000004/0001357615-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.