Wells Fargo increased the borrowing capacity of BWX Technologies’ revolving credit facility from $500 million to $750 million and also extended the maturity date to March 24, 2025, modified the applicable margin for borrowings under the facility and modified the commitment fee on the unused portion of the facility.
“Securing this amendment to our credit facility is an important step for BWXT, and we appreciate our banks working closely with us to deliver the additional commitments in spite of challenges in the current market environment,” David Black, senior vice president and CFO of BWX Technologies, said. “This amended credit facility gives us increased borrowing capacity and an extended debt maturity profile with an overall reduction in rates that will continue to provide balance sheet flexibility while allowing us to fund capital investments and future growth opportunities.”
BWX Technologies provides nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration.
