KBR amends credit agreement to replace LIBOR with Term SOFR and adjust fiscal year

KBR, INC.

Amendment No. 8 replaces LIBOR with Term SOFR for Term A-2 and Revolving Credit Facilities.
Implements fiscal year change from Dec 31 to 52-53 week year ending Friday closest to Dec 31, effective FY2023.
Maturity of Nov 18, 2026, and all other material terms remain substantially unchanged.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KBR, INC. amended Amendment No. 8 with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto and each of the subsidiaries of the Company party thereto (effective 2023-02-06).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto and each of the subsidiaries of the Company party thereto
Effective: 2023-02-06

Exact text from the filing

On February 6, 2023, KBR, Inc. (the “Company”) entered into Amendment No. 8 (the “Amendment”) to its existing Credit Agreement, dated as of April 25, 2018

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Source: SEC EDGAR

accession 0001839882-23-003049

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