Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  BWX Technologies Inc    

News SummaryMost relevantAll newsSector news 

Babcock & Wilcox Co : B&W Closes $700 Million Credit Facility; Extends Maturity to 2017

share with twitter share with LinkedIn share with facebook
share via e-mail
06/08/2012 | 07:10pm CEST

The Babcock & Wilcox Company (NYSE: BWC) ("B&W") today announced that it has completed the amendment and restatement of its existing $700 million senior secured credit facility. B&W currently has no borrowings outstanding and approximately $218.5 million of letters of credit outstanding under the amended and restated facility. The entire unused amount is available for the issuance of performance and financial letters of credit, borrowing for working capital needs and general corporate purposes.

The amended and restated facility extends the maturity date of the credit facility to June 2017 and reduces the interest rate on borrowings under the credit facility to LIBOR + 1.5%, which rate will vary if the credit rating for the facility changes. It also includes an option permitting B&W to increase the size of the credit facility by up to an additional $300 million by receiving commitments from new or existing lenders.

"We are pleased with the results of the syndication of our amended and restated credit facility, as well as with the excellent relationships we have with our Lender group," said Anthony S. Colatrella, B&W's Senior Vice President and Chief Financial Officer. "The revised facility increases our financial flexibility and supports our ability to meet our operating and strategic goals."

Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC acted as joint lead arrangers and joint book running managers for the transaction.

About B&W

The Babcock & Wilcox Company is a leader in advanced energy technology and services, primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,700 people, in addition to approximately 10,400 joint venture employees. Please visit our website at www.babcock.com.

The Babcock & Wilcox Company
Michael P. Dickerson, Vice President and Investor Relations Officer, 704-625-4944

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
09/19 BWX TECHNOLOGIES : Business Brief
09/19 BWX TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Creation of..
09/19 BWX TECHNOLOGIES : BWXT Announces $200 Million Accelerated Share Repurchase
09/15 BWX TECHNOLOGIES : BWXT Names Jaska, Krieg, Niland to Board of Directors
09/12 BWX TECHNOLOGIES, INC. : Change in Directors or Principal Officers (form 8-K)
09/12 BWX TECHNOLOGIES : BWXT Names Jaska, Krieg, Niland to Board of Directors
09/02 BWX TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Creation of..
08/19 GE and Hitachi Alliance Announces Sale of GE Hitachi Nuclear Energy Canada; B..
08/18 BWXT to buy Ontario nuclear business from GE-Hitachi, double presence in Cana..
08/18 BWX TECHNOLOGIES : BWXT Subsidiary Enters Into Share Purchase Agreement to Acqui..
More news
Sector news : Heavy Electrical Equipment - NEC
09/21DJABB Sells Unit to NKT Cables in $934 Million Deal
09/21DJABB Sells Unit to NKT Cables in $934 Million Deal -- Update
09/21DJNKT Cables to Acquire ABB Cable Unit Valued at EUR836 Million
09/16 Exclusive - GE wins $1.9 billion order from Hinkley Point nuclear plant
09/14 ALSTOM : unions call strike over train production shutdown plans
More sector news : Heavy Electrical Equipment - NEC
News from SeekingAlpha
2015 BWX Tech lands NASA contract
2015 Babcock & Wilcox to split into two
2015 How To Judge A Business' Durability
2015 Babcock & Wilcox approve spin-off
2015 When Should You Diversify?
Financials ($)
Sales 2016 1 503 M
EBIT 2016 268 M
Net income 2016 184 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 21,82
P/E ratio 2017 20,85
Capi. / Sales 2016 2,68x
Capi. / Sales 2017 2,57x
Capitalization 4 025 M
More Financials
Duration : Period :
BWX Technologies Inc Technical Analysis Chart | US05615F1021 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 43,0 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Peyton Sandy Baker President, CEO & Class I Director
John A. Fees Executive Chairman
Rex D. Geveden Chief Operating Officer
David S. Black Chief Financial Officer, Treasurer & Senior VP
Richard Willard Mies Independent Class III Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ABB LTD.23.05%50 594
ALSTOM-14.79%5 904
CHINA XD ELECTRIC CO.,..0.00%4 089
More Results