secwatch.observer — SEC 8-K summary
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Issuer:     KBR, INC. (KBR)
CIK:        0001357615
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001357615-24-000048
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KBR secures $550M delayed draw term loan for LinQuest acquisition, refinances $997.5M term B loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357615/000135761524000048/0001357615-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357615/000135761524000048/kbr-20240814.htm
  HTML page:      https://secwatch.observer/filing/0001357615-24-000048

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