BWX Technologies Inc. (NYSE: BWXT) has announced the pricing of its upsized private offering of $1.1 billion aggregate principal amount of 0% Convertible Senior Notes due 2030. The initial conversion price is approximately $262.51 per share, representing a 32.5% premium to the last reported sale price of BWXT's common stock on November 5, 2025. The company also entered into capped call transactions with an initial cap price of $396.24 per share, a 100% premium to the same sale price. Additionally, BWXT has granted initial purchasers an option to buy up to an extra $150 million aggregate principal amount of the Notes within 13 days of issuance. The offering is expected to close on November 10, 2025, subject to customary conditions. The Notes will be guaranteed by BWXT's wholly owned domestic subsidiaries. Proceeds will be used to fund the capped call transactions, repay all outstanding indebtedness under the existing credit facility, and for general corporate purposes. There is no URL for the full prospectus included in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BWX Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-109152), on November 10, 2025, and is solely responsible for the information contained therein.
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