---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-007168"
form_type: "8-K"
ticker: "KBR"
cik: "0001357615"
company_name: "KBR, INC."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:04:34.343210+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KBR to repurchase $100M of 2.5% convertible notes due Nov 2023; expects $188M net outflow

## Summary
- Repurchasing $100M principal of its $350M 2.50% Convertible Senior Notes due Nov 1, 2023, from certain holders.
- Estimated net cash outflow of $188M after partial termination of convertible note hedges and warrants, based on June 1 stock price.
- After closing, $250M principal of notes will remain outstanding with unchanged terms.
- Partial unwind agreements with Bank of America, BNP Paribas, and Citibank for proportionate hedge and warrant positions.
- Remaining warrant transactions amended to allow KBR to elect cash settlement at its option.

## SEC filing metadata
- accession: 0001387131-23-007168
- form_type: 8-K
- ticker: KBR
- cik: 0001357615
- company_name: KBR, INC.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1357615/000138713123007168/0001387131-23-007168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1357615/000138713123007168/kbr-8k_060123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-007168
- JSON: https://secwatch.observer/filing/0001387131-23-007168.json
- Plain text: https://secwatch.observer/filing/0001387131-23-007168.txt

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