KBR Reports Material Agreement & New Financial Obligation

TL;DR

**KBR just filed an 8-K about a new material agreement and financial obligation, but the details aren't in this text!**

AI Summary

KBR, Inc. filed an 8-K on February 13, 2024, reporting an entry into a material definitive agreement and the creation of a direct financial obligation, with the earliest event date being February 7, 2024. The filing indicates these significant corporate actions, but specific details regarding the nature or financial terms of the agreement and obligation are not provided in this excerpt.

Why It Matters

This filing indicates KBR, Inc. has entered into a significant new commitment or financial arrangement, which could impact its future operations, financial health, or strategic direction, though specific details are not disclosed in this excerpt.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carry potential financial and operational risks, though specific terms are not disclosed.

Key Players & Entities

• KBR, Inc. (company) — registrant
• February 7, 2024 (date) — earliest event reported
• February 13, 2024 (date) — filing date

FAQ

Key Financial Figures

• $0.001 — exchange on which listed Common Stock, $0.001 par value KBR New York Stock Exchange
• $1.0 billion — ther things: (1) continue the aggregate $1.0 billion of commitments under the revolving cred
• $117 million — ty (the "Revolving Facility"), of which $117 million was utilized and outstanding immediatel
• $352 m — egate principal amount of approximately $352 million, (3) continue the term A-3 loan f

Filing Documents

• kbr-20240207.htm (8-K) — 31KB
• exhibit10-102072024.htm (EX-10.1) — 2048KB
• kbr-20240207_g1.jpg (GRAPHIC) — 297KB
• 0001357615-24-000007.txt ( ) — 3255KB
• kbr-20240207.xsd (EX-101.SCH) — 2KB
• kbr-20240207_lab.xml (EX-101.LAB) — 25KB
• kbr-20240207_pre.xml (EX-101.PRE) — 13KB
• kbr-20240207_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 7, 2024, KBR, Inc. (the "Company") entered into Amendment No. 12 (the "Amendment") to its existing Credit Agreement, dated as of April 25, 2018 (as amended by Amendment No. 1, dated as of November 12, 2018, Amendment No. 2, dated as of February 7, 2020, Amendment No. 3, dated as of July 2, 2020, Amendment No. 4, dated as of September 14, 2020, Amendment No. 5, dated as of November 18, 2021, Amendment No. 6, dated as of May 17, 2022, Amendment No. 7, dated as of December 30, 2022, Amendment No. 8, dated as of February 6, 2023, Amendment No. 9, dated as of June 6, 2023, Amendment No. 10, dated as of July 26, 2023, and Amendment No. 11, dated as of January 19, 2024, the "Existing Credit Agreement," and as further amended by the Amendment, the "Credit Agreement"), with 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. Pursuant to the Amendment, the Existing Credit Agreement was amended to, among other things: (1) continue the aggregate $1.0 billion of commitments under the revolving credit facility (the "Revolving Facility"), of which $117 million was utilized and outstanding immediately following the Amendment, (2) replace the term A-1, term A-2 and term A-4 loan facilities under the Existing Credit Agreement with a single amended term A-1 loan facility (the "Term A-1 Facility") in an aggregate principal amount of approximately $352 million, (3) continue the term A-3 loan facility (the "Term A-3 Facility" and together with the Term A-1 Facility and the Revolving Facility, the "Pro Rata Facilities") under the Existing Credit Agreement with an aggregate outstanding principal amount of approximately 116 million, (4) extend the maturity date of the Pro Rata Facilities to February 7, 2029, the fifth anniversary of the Amendment closing date and (5) effect additional modificat

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Amendment No. 12 to the Credit Agreement, dated as of February 7, 2024, with 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. 104 Cover Page Interactive Data file (formatted as Inline XBRL) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KBR, INC. February 13, 2024 /s/ Sonia Galindo Sonia Galindo Executive Vice President, General Counsel & Corporate Secretary