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Issuer / Guarantor
|
BWX Technologies Inc
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Size
|
USD 1100mn
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|
Type
|
Convertible
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|
Leads
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Morgan Stanley, JP Morgan, Wells Fargo, TD Cowen, PNC Capital, BNP Paribas, Truist, US Bancorp, Guggenheim Securities
|
|
|
|
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Maturity
|
01 Nov 2030 (5 years)
|
|
Coupon
|
0% (0 - 0.5%)
|
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Premium
|
32.5% (25 - 30%)
|
|
Calls
|
NC3; PC @ 130% w table MW
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|
Puts
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t/o @ 100%
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|
Div protection
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Ratio adjustment (for excess above threshold)
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T/o protection
|
Make-whole table
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|
CoCo
|
130% to Jul 2030 (4.7 yrs)
|
|
Announced
|
05 Nov 2025
|
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