Company: BWXT
Filing Date: 2025-11-10
Form Type: 8-K
Source: 0001104659-25-109152
Chunk: 4

Company: BWX Technologies, Inc.
Filing Date: 2025-11-10
Form: 8-K
Item: Item 1.01
Chunk 4
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 Company to comply with certain reporting covenants in
the Indenture will, for the first 365 days on which such an Event of Default has occurred and is continuing, consist exclusively of the
right of noteholders to receive special interest on the Notes at a specified rate per annum not exceeding 0.50% on the principal amount
of the Notes.

In certain circumstances if,
at any time during the six-month period beginning on, and including, the date that is six months after the last date of original issuance
of the Notes, the Company fails to timely file certain reports required to be filed with the SEC under the U. S. Securities Exchange Act
of 1934, as amended, or the Notes are not otherwise Freely Tradable by holders of the Notes other than the Company’s affiliates,
additional interest will accrue on the Notes during the period in which the Company’s failure to file has occurred and is continuing
or such Notes are not otherwise Freely Tradable by holders other than the Company’s affiliates.

In addition, if, and for so
long as, the restrictive legend on the Notes has not been removed in accordance with the terms of the Indenture and the Notes, the Notes
are assigned a restricted CUSIP number or the Notes are not otherwise Freely Tradable by holders other than the Company’s affiliates
(without restrictions pursuant to U. S. securities laws or the terms of the Indenture or the Notes) as of the 15th day after the one-year
anniversary of the last date of original issuance of the Notes, then additional interest will accrue on the Notes with respect to the
period in which the Notes remain so restricted at a specified rate per annum not exceeding 0.50% on the principal amount of the Notes.

The above description of the
Indenture and the Notes is a summary and is not complete. A copy of the Indenture and Form of Global Note are filed as Exhibits 4.1 and
4.2, respectively, to this Current Report on Form 8-K, and are incorporated herein by reference. This description is qualified in its
entirety by reference to such documents.

Capped Call Transactions

On November 5, 2025 and November
6, 2025, in connection with the pricing of the Notes and the exercise by the initial purchasers of their option in full to purchase additional
Notes, respectively, the Company entered into privately negotiated capped call transactions (the “ Capped Call Transactions