KBR Inc (KBR) has released an update.
KBR, Inc. has modified its credit agreement, ensuring the continuity of its $1 billion revolving credit facility and consolidating various term loan facilities into a single facility with a new total of $352 million. The amendment extends the maturity date of these loans to 2029 and maintains the current interest rate margin, while making several other adjustments to the terms. These changes do not significantly affect the company’s consolidated net leverage ratio, ensuring stable financial covenants and obligations.
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