- Provides $200 million commitment to fully refinance existing revolving credit facility
- Provides an initial $30 million of working capital
- Provides new $30 million revolving credit facility in May 2020
- New maturity date is January 2022
- Company expects fourth quarter 2019 results to significantly outperform the third quarter,with a return to positive GAAP consolidated operating income for the first time in 3 years
(AKRON, Ohio – February 3, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to comprehensively refinance its debt in advance of its March 15, 2020 requirement.
Adam Robinson, B&W’s expert on the oil sands industry, answers some of your frequently asked questions. In describing the geology and challenges of the oil sands region, Adam provides a basic overview of the steam assisted gravity drainage (SAGD) process and how B&W has provided clean and effective technologies for oil extraction and refining.
تقدم شركة Babcock & Wilcox (B&W) حلولاً وخدمات حساسة بيئيًا وتستند إلى التقنية للعملاء في مجال الطاقة والصناعة في أنحاء العالم - بشكل آمن وأخلاقي وحسب الوعد المقدم من الشركة.
