BWX Technologies Plans $1 Billion Convertible Notes Offering-February 2024-www.financetom.com

BWX Technologies Plans $1 Billion Convertible Notes Offering

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BWX Technologies Plans $1 Billion Convertible Notes Offering

Nov 5, 2025 7:38 AM

10:29 AM EST, 11/05/2025 (MT Newswires) -- BWX Technologies ( BWXT ) said Wednesday it plans to offer $1 billion of convertible senior notes due 2030.

Initial purchasers will be given an option to buy up to an additional $150 million of the notes.

The company said it plans to use part of the net proceeds to back the cost of entering into capped call deals, repay all debt under an existing credit facility, and it will use any remaining proceeds for general corporate purposes.

Simultaneously with the close of the offering, BWXT said it expects to sign a $1.25 billion five-year senior secured revolving credit facility to replace an existing credit facility.

Price: 198.99, Change: -1.40, Percent Change: -0.70

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