Item 1.01 Conclusion of a Material Definitive Agreement.
Amendment to Credit Agreement
(as modified by amendment 1, dated
The amendment amended certain provisions of the existing credit agreement to, inter alia, (i) establish an additional Â£ 122.1 million of term loans contracted by
The amendment extended the maturity date of the pro-rated facilities by
As noted above, the Amendment reduced the applicable margin for the pro-rated facilities to a rate ranging from 0.25% to 1.25% for prime rate loans and at a rate ranging from 1.25%. at 2.25% for loans at the euro rate and loans in alternative currencies, based on the consolidated net leverage ratio, as calculated in accordance with the Credit Agreement
The Amendment also provides that the Company, in consultation with
The foregoing description of the Amendment and the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereof and is incorporated herein. section 1.01 by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The text set out in section 1.01 concerning the terms and conditions of the amendment is incorporated in this section 2.03 by reference.
Article 7.01. FD Regulation Disclosure.
A copy of the Company’s press release, dated
The information contained in this Section 7.01 and in Schedule 99.1 attached hereto will not be considered âfiledâ for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the âExchange Actâ). , or otherwise subject to the responsibilities of this Section, or incorporated by reference in any of the documents filed by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as is expressly indicated by specific reference in such filing.
Item 9.01 Financial statements and supporting documents.
(d) Exhibits 10.1 Amendment No. 5 to the Credit Agreement, dated as of
November 18, 2021with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, the lenders party thereto, and each of the subsidiaries of the Company party thereto. 99.1 KBR, Inc.press release dated November 24, 2021. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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