Company: BWXT
Filing Date: 2025-11-10
Form Type: 8-K
Source: 0001104659-25-109152
Chunk: 0

Company: BWX Technologies, Inc.
Filing Date: 2025-11-10
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement

Indenture and Notes

On November 10, 2025, BWX
Technologies, Inc. (the “ Company”) issued $1,250,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2030
(the “ Notes”). The Notes were issued pursuant to an Indenture, dated November 10, 2025 (the “ Indenture”), among
the Company, the Guarantors (as defined below) and U. S. Bank Trust Company, National Association, as trustee (the “ Trustee”).
The Notes are guaranteed (the “guarantees”) by each of the Company’s present and future direct and indirect wholly owned
domestic subsidiaries that guarantees its existing and future capital markets indebtedness (the “ Guarantors”).

Pursuant to the purchase agreement
among the Company, the Guarantors and the representative of the initial purchasers of the Notes, the Company granted the initial purchasers
an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional
$150,000,000 aggregate principal amount of Notes. On November 6, 2025, the initial purchasers exercised this option in full and the Notes
issued on November 10, 2025 include the additional $150,000,000 aggregate principal amount of Notes.

The Company offered and sold
the Notes to the initial purchasers in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of
1933, as amended (the “ Securities Act”), and for resale by the initial purchasers to persons reasonably believed to be qualified
institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act.

The Notes and the guarantees
are the Company’s and the Guarantors’ senior unsecured obligations, rank equal in right of payment with the Company’s
and the Guarantors’ existing and future senior unsecured indebtedness (including the Company’s outstanding senior notes and
the related guarantees) and rank senior in right of payment to the Company’s and the Guarantors’ existing and future indebtedness
that is expressly subordinated to the Notes and the guarantees in right of payment.

The Notes will mature on November
1, 2030, unless earlier converted, redeemed or repurchased. The Notes will not bear regular interest, and