BWX Technologies $1.25 Billion 0% Convertible Senior Notes Offering

Davis Polk advised the representative of the initial purchasers and the counterparties to the capped call transactions in connection with BWX Technologies, Inc.'s securities offering. The transaction was a Rule 144A offering by BWX Technologies, Inc. of $1.25 billion aggregate principal amount of its 0% convertible senior notes due 2030. The offering included the full exercise of the initial purchasers’ option to purchase an additional $150 million aggregate principal amount of the convertible senior notes. BWX Technologies, headquartered in Lynchburg, Virginia, is a specialty manufacturer and developer of nuclear components and technologies. The company designs, engineers and manufactures precision naval nuclear components, reactors and nuclear fuel for the U.S. government, and provides special nuclear materials processing, environmental site restoration services, products and services to the nuclear power industry, critical medical radioisotopes and radiopharmaceuticals, and other advanced nuclear technologies. Davis Polk represented the representative of the initial purchasers and the counterparties to the capped call transactions with a team composed by: Capital Markets: partner Yasin Keshvargar; associates Raphaelle Desaleux and Sabrina Rodriguez. Equity Derivatives: partner Mark M. Mendez; counsel M. Faisal Baloch; associates Ji Hwan Kim and Jessica Carter. Tax: partner Aliza Slansky provided tax advice.

BWX Technologies $1.25 Billion 0% Convertible Senior Notes Offering

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