BWXT Financing and Risk Update (Nov 5, 2025)

BWX Technologies disclosed plans for a major capital structure initiative:

• Financing Planned: Intends to launch a private offering of $1.0 billion in convertible senior notes due 2030.
• Credit Facility: Concurrently expects to secure a $1.25 billion, five-year senior secured revolving credit facility.

The Offering is not conditioned on the closing of the New Credit Facility.

Critical Risk Alert: The Company stresses risks related to its U.S. Government contracts due to the *continuing October 1, 2025 shutdow