BWX Technologies, Inc., a Delaware corporation (we, us or the Issuer), is offering to purchase for cash (the Offers) from each holder and beneficial owner (each, a Holder and, collectively, the Holders), on the terms and subject to the conditions set forth in this Offer to Purchase and Consent Solicitation Statement (as it may be amended or supplemented from time to time and including the information incorporated by reference herein, this Statement), any and all of its outstanding 4.125% Senior Notes due 2028 (the 2028 Notes) and 4.125% Senior Notes due 2029 (the 2029 Notes and, together with the 2028 Notes, the Notes and each, a Series).
Concurrently with the Offers, the Issuer is soliciting (the Solicitations) from the Holders of each Series of Notes consents (Consents) to (i) eliminate substantially all of the restrictive covenants and certain events of default in each of (x) the indenture, dated as of June 12, 2020, pursuant to which the 2028 Notes were issued (as amended or supplemented, the 2028 Notes Indenture) and (y) the indenture, dated as of April 13, 2021, pursuant to which the 2029 Notes were issued (as amended or supplemented, the 2029 Notes Indenture and, together with the 2028 Notes Indenture, the Indentures) and (ii) accelerate the Issuers ability to satisfy and discharge the Indentures and any Notes that are not purchased in the Offers (collectively, the Proposed Amendments).
The following table summarizes the material economic terms of the Offers and the Solicitations:
| Title of Notes | CUSIP | Outstanding Principal Amount |
|---|---|---|
| 4.125% Senior Notes due 2028 | 05605H AB6 / U12213 AB7 | $400,000,000 |
| 4.125% Senior Notes due 2029 | 05605H AC4 / U12213 AC5 | $400,000,000 |
To view copie(s) of the Tender Offer document(s) please click on the link(s) below
Offer to Purchase and Consent Solicitation Statement
Any questions regarding procedures for tendering Notes or requests for additional copies of this Statement should be directed to the Tender and Information Agent.
Tender and Information Agent:
D.F. KING & CO., INC.
28 Liberty Street, 53rd Floor
New York, New York 10005
Banks and Brokers call: (212) 993-9750
All others, please call toll free: (800) 628-8532
By email: BWXT@dfking.com
Any questions regarding procedures for tendering Notes or delivering Consents or requests for additional copies of this Statement should be
directed to the Tender and Information Agent. You may also contact your broker, dealer, commercial bank, trust company or other nominee for
assistance concerning the Offers and the Solicitations.
Any questions regarding the terms of the Offers and the Solicitations should be directed to the Dealer Manager.
The Sole Dealer Manager for the Offers and the Sole Solicitation Agent for the Solicitations is:
|
J.P. Morgan Securities LLC
Attention: Liability Management Desk
270 Park Avenue New York, New York 10017 Collect: (212) 834-7489 Toll-Free: (866) 834-4666 |