Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Credit Agreement
On
The Amendment amended certain provisions under the Existing Credit Agreement to,
among other things, (i) establish an additional tranche of £122.1M term loans
incurred by
The Amendment extended the maturity date of the Pro Rata Facilities from
As noted above, the Amendment reduced the applicable margin for the Pro Rata Facilities to a rate ranging from 0.25% to 1.25% for Base Rate loans and a rate ranging from1.25% to 2.25% for Eurocurrency Rate loans and Alternative Currency loans, based on the consolidated net leverage ratio, as calculated pursuant to the Credit Agreement
The Amendment also provides that the Company, in consultation with
The foregoing description of the Amendment and the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto and is incorporated into this Item 1.01 by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The text set forth in Item 1.01 regarding the terms and conditions of the Amendment is incorporated into this Item 2.03 by reference.
Item 7.01. Regulation FD Disclosure.
A copy of the Company's press release, dated
The information in this Item 7.01 and the Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, or incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits 10.1 Amendment No. 5 to the Credit Agreement, dated as ofNovember 18, 2021 withBank of America, N.A ., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto, and each of the subsidiaries of the Company party thereto. 99.1KBR, Inc. press release datedNovember 24, 2021 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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