SEC Contract Filing

Filing Date: 2016-09-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101_922016.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s96b0e01e562c4f14a6367e41d7d798b9"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Execution Version</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT NO. 1 TO CREDIT AGREEMENT </font><font style="font-family:inherit;font-size:11pt;">(this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;) dated as of September 2, 2016, is among </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">BWX TECHNOLOGIES, INC.</font><font style="font-family:inherit;font-size:11pt;">, a Delaware corporation, formerly known as The Babcock &amp; Wilcox Company (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">BANK OF AMERICA, N.A.</font><font style="font-family:inherit;font-size:11pt;">, in its capacity as administrative agent for the Lenders (as defined in the Credit Agreement described below) (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and each of the Lenders party hereto, and, for purposes of </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Section 4</font><font style="font-family:inherit;font-size:11pt;">&#32;hereof, acknowledged by certain Subsidiaries of the Borrower, as Guarantors.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">W I T N E S S E T H:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, the Borrower, the Administrative Agent and the Lenders have entered into that certain Credit Agreement dated as of May 11, 2015 (as amended hereby and as from time to time further amended, supplemented, restated, amended and restated or otherwise modified, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;; capitalized terms used in this Amendment not otherwise defined herein shall have the respective meanings given thereto in the Credit Agreement), pursuant to which the Lenders have provided revolving and term loan facilities to the Borrower;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:11pt;">&#32;the Borrower has requested (a) a US Dollar Incremental Term Loan facility in an aggregate principal amount of $112.5 million (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Term A-2 Facility</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and (b) a Canadian Dollar Incremental Term Loan facility in an aggregate principal amount equal to the CAD equivalent of $137.5 million (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">CAD Term Facility</font><font style="font-family:inherit;font-size:11pt;">&#8221; and together with the Term A-2 Facility, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Incremental Term Facilities</font><font style="font-family:inherit;font-size:11pt;">&#8221;);</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, subject to the terms and conditions of this Amendment, (a) the Lenders of the Term A-2 Facility (each, a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Term A-2 Lender</font><font style="font-family:inherit;font-size:11pt;">&#8221; and collectively, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Term A-2 Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and (b) the Lenders of the CAD Term Facility