BWX Technologies to redeem 5 3/8% senior notes due 2026

By Taylor Fox

New York, March 29 – BWX Technologies, Inc. plans to redeem all of its outstanding 5 3/8% senior notes due 2026 on or after July 15, according to a news release.

The notes will be redeemed using proceeds from an offering of new senior notes due 2029 and cash on hand or borrowings under BWX’s credit facility.

Pending application of the new notes proceeds to the redemption, the company also intends to repay in full all debt outstanding under its credit facility, with the remaining proceeds to be held in cash or invested in short-term interest-bearing accounts, securities or similar investments.

BWX is a Lynchburg, Va.-based power generator.

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