BWX Technologies定价11亿美元可转换债券发行

2025-11-06 21:20

BWX Technologies (BWXT) priced a $1.1 billion private offering of 0% convertible senior notes due 2030, up from the previously planned $1.0 billion.
The notes will not bear regular interest and will mature on November 1, 2030, unless earlier converted, redeemed, or repurchased. The notes, convertible at an initial price of $262.51 per share—a 32.5% premium—are expected to close on November 10, 2025.
BWXT estimates that the net proceeds from the offering will be around $1,075.3 million (or $1,221.9 million if the initial purchasers exercise their option to purchase additional notes in full).
The company will use about $116 million of the proceeds for capped call transactions, $831 million to repay its existing credit facility, and the rest for general purposes. It also plans to establish a new $1.25 billion five-year revolving credit facility.
Source: Press Release

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