Company: BWXT
Filing Date: 2025-11-10
Form Type: 8-K
Source: 0001104659-25-109152
Chunk: 3

Company: BWX Technologies, Inc.
Filing Date: 2025-11-10
Form: 8-K
Item: Item 1.01
Chunk 3
---
per share. The Company will not increase the conversion rate to an amount that exceeds 5.0474 shares per $1,000 principal amount of Notes,
subject to adjustment as set forth in the Indenture.

The Notes will have customary
provisions relating to the occurrence of Events of Default (as defined in the Indenture), which include the following:

  (1)      certain payment defaults (which, in the case of a default in the payment of special interest or additional  

  (2)      the Company’s failure to send certain notices under the Indenture within specified periods of time,  

  (3)      a default by the Company in its obligation to convert a Note in accordance with the Indenture if not cured  

  (4)      the Company’s failure to comply with certain covenants in the Indenture relating to the Company’s                                         

  (5)      a default by the Company in its other obligations or agreements under the Indenture or the Notes if such  

  (6)      certain defaults by the Company or any of its Significant Subsidiaries (as defined in the Indenture) with  

  (7)      certain events of bankruptcy, insolvency and reorganization involving the Company or any of its Significant  

  (8)      the guarantee of any Guarantor that is a Significant Subsidiary shall for any reason cease to be in full  

If an Event of Default involving
bankruptcy, insolvency or reorganization events with respect to the Company (and not solely with respect to a Significant Subsidiary),
occurs, then the principal amount of, and all accrued and unpaid interest, if any, on, all of the then outstanding Notes will immediately
become due and payable without any further action or notice by any person. If an of Event of Default (other than an Event of Default described
in the immediately preceding sentence) occurs and is continuing, then, except as described in the immediately succeeding sentence, the
Trustee, by notice to the Company, or the noteholders of at least 25% of the aggregate principal amount of the then outstanding Notes
by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, if any, on, all of
the then outstanding Notes to become due and payable immediately. Notwithstanding the foregoing the Company may elect, at its option,
that the sole remedy for an Event of Default relating to certain failures by the