Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  BWX Technologies, Inc.    BWXT

BWX TECHNOLOGIES, INC.

(BWXT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

BWX Technologies : BWXT Announces Amendment to Credit Agreement

share with twitter share with LinkedIn share with facebook
share via e-mail
03/25/2020 | 07:08am EDT
25 March 2020

(LYNCHBURG, Va. - March 25, 2020) - BWX Technologies, Inc. (NYSE: BWXT) ('BWXT') announced today that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A. and other lenders that increases its borrowing capacity while delivering lower rates for the company.

The amendment announced today provides, among other things, additional commitments to increase the Revolving Credit Facility ('the Facility') from $500 million to $750 million, extends the maturity date of the Facility by approximately two years to March 24, 2025, modifies the applicable margin for borrowings under the Facility and modifies 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,' said David Black, senior vice president and chief financial officer. '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.'

Except as amended by the amendment, the remaining terms of the Facility remain in full force and effect. Additional detail is available in our Form 8K filed with the SEC today.

Forward Looking Statements

BWXT cautions that this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding the use of proceeds. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties, including, among other things, material adverse changes in economic or industry conditions generally. If one or more of these or other risks materialize, actual results may vary materially from those expected. For a more complete discussion of other risk factors, see BWXT's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXTprovides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,600 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXTech and learn more atwww.bwxt.com.

###

Media Contact
Jud Simmons
Director, Media & Public Relations
434.522.6462
hjsimmons@bwxt.com

Investor Contact
Mark Kratz
Director, Investor Relations
980.365.4300
investors@bwxt.com

Disclaimer

BWX Technologies Inc. published this content on 25 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2020 12:07:08 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BWX TECHNOLOGIES, INC.
03/25BWX TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Creation of..
AQ
03/25BWX TECHNOLOGIES : BWXT Announces Amendment to Credit Agreement
PU
03/17BWX TECHNOLOGIES : BWXT-Led Team Wins Department of Defense Contract for Mobile ..
BU
03/11BWX TECHNOLOGIES : BWXT Awarded TRISO Nuclear Fuel Manufacturing Contract. Produ..
PU
03/11BWX TECHNOLOGIES : BWXT Awarded TRISO Nuclear Fuel Manufacturing Contract
BU
03/06BWX TECHNOLOGIES, INC. : Ex-dividend day for
FA
02/25BWX TECHNOLOGIES : 4Q19 Investor Briefing
PU
02/25BWX TECHNOLOGIES : BWXT Successfully Demonstrates Labeling of Cold Kits with its..
BU
02/24BWX : 4Q Earnings Snapshot
AQ
02/24BWX TECHNOLOGIES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION A..
AQ
More news
Financials (USD)
Sales 2020 2 043 M
EBIT 2020 349 M
Net income 2020 269 M
Debt 2020 732 M
Yield 2020 1,61%
P/E ratio 2020 16,9x
P/E ratio 2021 15,4x
EV / Sales2020 2,56x
EV / Sales2021 2,35x
Capitalization 4 492 M
Chart BWX TECHNOLOGIES, INC.
Duration : Period :
BWX Technologies, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BWX TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 66,29  $
Last Close Price 47,17  $
Spread / Highest target 63,2%
Spread / Average Target 40,5%
Spread / Lowest Target 27,2%
EPS Revisions
Managers
NameTitle
Rex D. Geveden President, Chief Executive Officer & Director
John A. Fees Non-Executive Chairman
David S. Black Chief Financial Officer, Treasurer & Senior VP
William E. Russell Chief Technology Officer & Senior Vice President
Jan A. Bertsch Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BWX TECHNOLOGIES, INC.-24.02%4 492
LOCKHEED MARTIN CORPORATION-10.53%98 143
UNITED TECHNOLOGIES CORPORATION-35.13%83 380
NORTHROP GRUMMAN CORPORATION-9.25%52 328
L3HARRIS TECHNOLOGIES, INC.-6.50%40 126
RAYTHEON-35.37%39 544