Financing ·
BWX Technologies proposes $500M senior notes due 2034 to fund tender offers for its 2028 and 2029 debt
BWXTBWX Technologies, Inc.
BWX Technologies announced a proposed private offering of $500 million in aggregate principal amount of senior unsecured notes due 2034. The company simultaneously launched cash tender offers for all outstanding 4.125% Senior Notes due 2028 and 4.125% Senior Notes due 2029, with a combined outstanding principal of $800 million. Net proceeds from the new notes are intended to fund these repurchases and satisfy or discharge the existing indentures. The tender offers expire on November 10, 2026, contingent upon the successful completion of the new debt offering. BWX Technologies is a manufacturing and engineering innovator providing nuclear solutions for global security, clean energy, and space exploration.