BWX Technologies to repay bank debt with notes proceeds

By Sara Rosenberg

New York, June 9 – BWX Technologies Inc. plans to repay all of its term loan borrowings and a portion of its revolving credit facility drawings using proceeds from a $400 million senior unsecured notes offering, according to a market source.

Proceeds from the notes will also be used to pay all fees and expenses related to the offering.

BWX is a Lynchburg, Va.-based provider of nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration.

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