Financing ·
BWX Technologies extends $1.25 billion senior secured revolving credit facility maturity to November 2031
BWXTBWX Technologies, Inc.
BWX Technologies entered into a First Amendment to its Second Amended and Restated Credit Agreement with Wells Fargo Bank and other lenders on November 3, 2026. The amendment extends the maturity of the $1.25 billion senior secured revolving credit facility by one year to November 10, 2031. It also modifies the minimum interest coverage ratio requirement, removing it if no default exists and the company obtains investment grade ratings from at least two designated agencies. Additionally, the pricing grid is adjusted to be based on the lower of the existing leverage-based grid or a new rating-based grid. BWX Technologies operates in the nuclear energy and defense sectors, providing components and services for naval propulsion and other critical applications.