BUZZ-BWX Technologies down after increased $1.1 bln convertible bonds sale

Reuters

2025/11/07

BUZZ-BWX Technologies down after increased $1.1 bln convertible bonds sale

** Shares of nuclear components maker BWX Technologies BWXT.N falling for third straight day and down 2% at $194.09 on Thurs after capital raise news

** Lynchburg, Virginia-based BWXT early Thurs announced pricing private offering of $1.1 bln 0% 5-year convertible bonds

** Initial conversion price set at $262.51, 32.5% over stock's last close of $198.12

** BWXT shares on Weds dipped 1% after co unveiled $1 bln offering to fully repay debt under credit facility, remainder for general corporate purposes

** Co intends to use about $116 mln of proceeds to fund cost of entering capped call transactions; cap price of $396.24 is double the stock's last close

** With the decline on Thurs, BWXT shares up 74% YTD

** 8 of 11 brokerages rate BWXT "strong buy" or "buy", 3 rate "hold"; median PT is $200, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p> ((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014005.SGD","symbol_name":"United Global Durable Equities Fund Acc SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251106:nL6N3WI0Y8:2","article_id":"2581018337","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581018337","pubTimestamp":1762446036,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-BWX Technologies down after increased $1.1 bln convertible bonds sale** Shares of nuclear components maker BWX Technologies BWXT.N falling for third straight day and down 2% at $194.09 on Thurs after capital raise news** Lynchburg, Virginia-based BWXT early Thurs announced pricing private offering of $1.1 bln 0% 5-year convertible bonds** Initial conversion price set at $262.51, 32.5% over stock's last close of $198.12** BWXT shares on Weds dipped 1% after co unveiled $1 bln offering to fully repay debt under credit facility, remainder for general corporate purposes** Co intends to use about $116 mln of proceeds to fund cost of entering capped call transactions; cap price of $396.24 is double the stock's last close** With the decline on Thurs, BWXT shares up 74% YTD** 8 of 11 brokerages rate BWXT \"strong buy\" or \"buy\", 3 rate \"hold\"; median PT is $200, per LSEG  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","LU0240877869.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" ACC","BWXT":"BWX Technologies Inc","LU0205194284.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD) INC AV","BK4187":"航天航空与国防","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4591":"室温超导概念","BK4606":"AI电力股","LU0240878834.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" (USD) INC AV","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","BK4567":"ESG概念","LU0205193047.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC"},"translate_title":"BUZZ-BWX Technologies在增加11亿美元可转换债券发售后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BWXT":0.9},"content_text":"BUZZ-BWX Technologies down after increased $1.1 bln convertible bonds sale** Shares of nuclear components maker BWX Technologies BWXT.N falling for third straight day and down 2% at $194.09 on Thurs after capital raise news** Lynchburg, Virginia-based BWXT early Thurs announced pricing private offering of $1.1 bln 0% 5-year convertible bonds** Initial conversion price set at $262.51, 32.5% over stock's last close of $198.12** BWXT shares on Weds dipped 1% after co unveiled $1 bln offering to fully repay debt under credit facility, remainder for general corporate purposes** Co intends to use about $116 mln of proceeds to fund cost of entering capped call transactions; cap price of $396.24 is double the stock's last close** With the decline on Thurs, BWXT shares up 74% YTD** 8 of 11 brokerages rate BWXT \"strong buy\" or \"buy\", 3 rate \"hold\"; median PT is $200, per LSEG (Lance Tupper is a Reuters market analyst. 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