Babcock & Wilcox plans launch of $700 million revolver for next week

By Sara Rosenberg

New York, May 16 - Babcock & Wilcox Co. plans on coming to market next week with a $700 million revolving credit facility that is talked at Libor plus 150 basis points, according to sources.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to refinance an existing revolver.

Babcock & Wilcox is a Charlotte, N.C.-based provider of clean energy technology and services and an advanced technology and mission critical defense contractor.

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