BWXT Extends $1.25 Billion Revolving Credit Facility to 2031
On November 3, 2026, BWXT entered into the First Amendment to its Second Amended and Restated Credit Agreement, extending the $1.25 billion senior secured revolving credit facility by one year to November 10, 2031. The amendment makes the minimum interest coverage ratio inapplicable when no default or event of default exists and BWXT has investment-grade corporate or corporate family ratings, with stable outlook or better, from at least two designated rating agencies. Pricing will use the lower of the leverage-b...
Key takeaways
The amendment became effective November 3, 2026 and extended the $1.25 billion senior secured revolving credit facility by one year to November 10, 2031.
The minimum interest coverage ratio is inapplicable when no default or event of default exists and at least two designated rating agencies provide investment-grade corporate or corporate family ratings with stable outlook or better.
The applicable rate uses the lower of the leverage-based and ratings-based grids, with Pricing Level 2 applying on the First Amendment Effective Date.
Goldman Sachs Bank USA was added as a lender and serves as documentation agent; Wells Fargo remains administrative agent, swing line lender and L/C issuer.
The first leverage-based Applicable Rate calculation date after the amendment is the fiscal quarter ending December 31, 2026.
Existing collateral, guaranty and other security arrangements remain in effect except as expressly amended.
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Primary source
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