Company: BWXT
Filing Date: 2025-11-05
Form Type: 8-K
Source: 0001104659-25-106665
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Company: BWX Technologies, Inc.
Filing Date: 2025-11-05
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events

On November 5, 2025, BWX Technologies, Inc. (the “ Company”)
issued a press release announcing that the Company plans to commence, subject to market conditions and other factors, a private offering
(the “ Offering”) of $1.0 billion aggregate principal amount of convertible senior notes due 2030 (the “ Notes”)
to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the “ Securities
Act”). The Notes will be guaranteed 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. A copy of the press release is attached as Exhibit 99.1
to this Current Report on Form 8-K (the “ Current Report”) and is incorporated herein by reference.

Concurrently with the closing of the Offering, the Company expects
to enter into a Second Amended and Restated Credit Agreement (the “ New Credit Facility”) with Wells Fargo Bank, National Association,
as administrative agent, and the other lenders party thereto, which will amend and restate the Company’s existing credit facility.
The New Credit Facility will provide for a five-year $1.25 billion senior secured revolving credit facility. The borrower under the New
Credit Facility will be the Company and the New Credit Facility guarantors will include each of the guarantors of the Notes. The New Credit
Facility will be secured by first-priority liens on certain assets owned by the Company and the guarantors (other than its subsidiaries
comprising a portion of its Government Operations segment).

The Company’s ability to enter into the New Credit Facility is
subject to prevailing market conditions and other events. There can be no assurance that the consummation of the New Credit Facility will
occur on the terms described herein or at all. The Offering is not conditioned on the closing of the New Credit Facility.

The information included in this Current Report is neither an offer
to sell nor a solicitation of an offer to buy any securities.

Forward-Looking Statements

This Current Report contains forward-looking statements, including,
without limitation, statements regarding the anticipated offering of the Notes and the entry into the New Credit Facility. Forward- looking
statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated. The Company has based its forward-looking statements