KBR seeks $625 million term loan at Libor plus 275-300 bps

By Sara Rosenberg

New York, Jan. 30 – KBR Inc. is shopping a $625 million term loan at price talk of Libor plus 275 basis points to 300 bps with a 0% Libor floor and an original issue discount of 99.5, according to a market source.

BofA Securities Inc. is the lead on the deal.

Proceeds will be used to refinance existing debt.

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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