KBR amends credit agreement to tweak definition, add flexibility

By Taylor Fox

New York, Sept. 14 – KBR, Inc. entered into a fourth amendment to its existing credit agreement that modifies the definition and calculation of consolidated EBITDA to provide more flexibility in permitting pro forma cost reductions resulting from certain corporate transactions, such as acquisitions, corporation reorganizations and restructurings, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America, NA is administrative agent, swingline lender and letter-of-credit issuer.

KBR is a Houston-based provider of comprehensive solutions for aerospace and defense, energy and chemicals, intel and data science, and federal and civilian markets.

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