Company: BWXT
Filing Date: 2025-11-10
Form Type: 8-K
Source: 0001104659-25-109152
Chunk: 7

Company: BWX Technologies, Inc.
Filing Date: 2025-11-10
Form: 8-K
Item: Item 1.01
Chunk 7
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 penalty (other than customary Term SOFR rate breakage costs), subject
to notice requirements.

The New Credit Facility contains
representations and warranties, affirmative and negative covenants and events of default that the Company considers customary for an agreement
of this type, including covenants setting a maximum consolidated total net leverage ratio and a minimum consolidated interest coverage
ratio. If any event of default relating to bankruptcy or other insolvency events occurs with respect to the Company, the lenders’
commitments under the New Credit Facility will automatically terminate and all outstanding obligations under the New Facility will immediately
become due and payable. If any other event of default occurs, the lenders will be permitted to terminate their commitments under the New
Credit Facility, accelerate all outstanding obligations under the New Credit Facility and exercise other rights and remedies, including
the commencement of foreclosure or other actions against the collateral.

As of November 10, 2025, there
were no outstanding borrowings under the New Credit Facility, excluding $1.4 million in letters of credit, all of which were undrawn.
As a result, as of November 10, 2025, the Company had $1.25 billion available under the New Credit Facility for borrowings and to meet
letter of credit requirements.

The preceding description
of the New Credit Facility is a summary and is qualified in its entirety by the New Credit Facility, a copy of which is filed as Exhibit
10.2 hereto and is incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant

The information set forth
under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities