Babcock & Wilcox to Webcast Discussion of Its First Quarter 2020 Results

(AKRON, Ohio – May 14, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Friday, May 15, 2020 at 8 a.m. ET.

B&W Completes Two-Year Financing Agreement and Credit Extension

• Extends current revolving credit facility and availability for letters of credit for two years
• Strengthens capital structure in support of the Company’s long-term operations 

(AKRON, Ohio – May 14, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W”) announced today that the Company has amended its Credit Agreement, which amendment replaces and supersedes the previously disclosed agreement to refinance the Company’s senior debt by May 15, 2020, among other things. Under the terms of the amended Credit Agreement, the Company's current revolving credit facility and availability for letters of credit will be extended for two years with a maturity date of June 30, 2022.

COVID-19: Prioritizing Health, Safety and Business Continuity

Since supplying the first Kraft recovery boiler in 1929, B&W has led the development of many improvements in safer, longer-lasting operation of smelt spout systems for the Pulp & Paper industry.

Our latest innovation is a new, boiler wall-mounted hood enclosure design. It is available for our 15- and 30-degree insertable spouts and incorporates a hood-mounted optimally positioned shatter jet assembly.

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Many of our customers are not able to have outside support on premises during this time, so to help keep you and your equipment running safely, we wanted to provide you with some “virtual” support for your oil or gas ignitors.

We’ve created a step-by-step troubleshooting guide to walk you through resolving issues with your ignitors either not presenting a flame or not indicating a flame is present. If you’re having an issue with an ignitor, try it out, and if you’re still having trouble, please let us know. Stay safe!

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We continue our series of articles on wet FGD upgrades with a discussion on limestone forced oxidation systems.

Learn how existing absorber systems can be converted to LSFO to produce a stable gypsum byproduct which can be sold for use in the manufacture of wallboard or to the cement industry.

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In Part 1, we reviewed the basics of ESP operation. This new article explores design and operational problems that will negatively affect the collection performance of an ESP. It will also outline potential modifications to help improve performance and efficiency.

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An electrostatic precipitator (ESP) is an effective method of particulate collection in power generation applications. Its history dates back to the early 20th century. Of course, technology upgrades to enhance performance have continued for nearly as long. We have prepared a two-part article discussing ESP operation and some of the available upgrades and modifications now available for new and existing installations. Read Part 1 of this series which covers the basics of ESP operation.

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There’s no mountain high enough, no valley low enough, and no river wide enough to keep us from trying to find a steam generation system’s ‘fountain of youth’ and restore units to peak performance. 

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