Company: BWXT
Filing Date: 2025-11-10
Form Type: 8-K
Source: 0001104659-25-109152
Chunk: 1

Company: BWX Technologies, Inc.
Filing Date: 2025-11-10
Form: 8-K
Item: Item 1.01
Chunk 1
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 the principal amount of the
Notes will not accrete. However, special interest and additional interest, if any, may accrue on the Notes at a combined rate per annum
not exceeding 0.50% upon the occurrence of certain events as described in the Indenture.

On or after August 1, 2030,
until the close of business on the second Scheduled Trading Day (as defined in the Indenture) immediately before the maturity date, the
Notes will be convertible at the option of the noteholders at any time.

Before August 1, 2030, noteholders
will have the right to convert their Notes only under the following circumstances:

  (1)      during any fiscal quarter (and only during such fiscal quarter) commencing after the fiscal quarter ending                                    

  (2)      during the five consecutive business days immediately after any ten consecutive Trading Day period (the                                       

  (3)      upon the occurrence of specified corporate events or distributions on the Common Stock as set forth in  

  (4)      if the Company calls such Notes for redemption.  

The conversion rate for the
Notes will initially be 3.8094 shares of Common Stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion
price of approximately $262.51 per share of Common Stock. The conversion rate is subject to adjustment upon certain events. Upon conversion,
the Company will settle conversions by paying cash up to the aggregate principal amount of the Notes to be converted and paying or delivering,
as the case may be, cash, shares of Common Stock or a combination of cash and shares of Common Stock, at its election, in respect of the
remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the Notes being converted, based on the
applicable conversion rate(s).

The Company may not redeem
the Notes at its option at any time before November 6, 2028. The Company will have the option to redeem the Notes, in whole or in part
(subject to the partial redemption limitation described below), at any time, and from time to time, on or after November 6, 2028 and before
the 26th Scheduled Trading Day immediately before the maturity date, at a cash redemption price equal to the principal amount of the Notes
to be redeemed, plus accrued and unpaid special interest and additional interest, if any, to, but excluding, the redemption date, but
only if (i) the