secwatch.observer — SEC 8-K summary
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Issuer:     KBR, INC. (KBR)
CIK:        0001357615
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001357615-24-000004
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KBR closes $1B incremental term B loan, extends maturity to 2031
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357615/000135761524000004/0001357615-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357615/000135761524000004/kbr-20240119.htm
  HTML page:      https://secwatch.observer/filing/0001357615-24-000004

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