debt
confidence high
sentiment neutral
materiality 0.70
KBR secures $550M delayed draw term loan for LinQuest acquisition, refinances $997.5M term B loan
KBR, INC.
- New $550M delayed draw term A-2 loan available for 180 days to fund pending LinQuest Corp acquisition; matures Aug 13, 2027.
- Refinanced $997.5M existing term B loan with new term B facility at SOFR+2.00% (reduced from prior rate); same Jan 2031 maturity.
- Amendment No. 13 to Credit Agreement with Bank of America as agent; includes customary interest coverage and net leverage covenants.
- Transaction modifies terms of existing credit facility; proceeds earmarked for acquisition financing and refinancing of existing debt.