Babcock & Wilcox Enterprises Inc.

08/28/2025 | Press release | Distributed by Public on 08/28/2025 04:31

Material Event (Form 8-K)

Item 8.01 Other Events

On August 28, 2025, Babcock & Wilcox Enterprises, Inc. (the "Company") issued a notice of redemption (the "Redemption Notice") for $70 million aggregate principal amount outstanding of its 8.125% Senior Notes due 2026 (the "Notes"), which were issued pursuant to an indenture, dated as of February 12, 2021, as supplemented by the First Supplemental Indenture, dated as of February 12, 2021 (the "Indenture"), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee.

Pursuant to the Redemption Notice, on October 2, 2025 (the "Redemption Date"), the Company will redeem $70 million aggregate principal amount of the outstanding Notes at a redemption price equal to 100% of the principal amount of such Notes (the "Redemption Price") together with any accrued and unpaid interest up to, but excluding, the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed and interest thereon will cease to accrue on and after the Redemption Date.

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