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B&W Thermal Awarded $13 Million in New Contracts as North American Market Strengthens

2/23/2021

(AKRON, Ohio – February 23, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has booked new construction service projects in North America valued at approximately $13 million as the market strengthens and projects continue to restart following delays in 2020. 
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Babcock & Wilcox Enterprises Announces Closing of $297.5 Million of Common Stock and Senior Notes Offerings

2/16/2021

In addition, B. Riley Financial exchanged $35 million of its existing Tranche A term loan for senior notes Net proceeds to be used to substantially pay down debt and invest in clean energy growth initiatives (AKRON, Ohio – February 16, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on February 12, 2021 it closed an underwritten public offering of 29,487,180 shares of common stock, which included 3,846,154 shares issued in connection with the underwriter’s option to purchase additional shares, at a price to the public of $5.85 per share, for gross proceeds of approximately $172.5 million. The Company also announced that on February 12, 2021 it closed an underwritten public offering of $125.0 million aggregate principal amount of 8.125% senior notes due 2026, which included $5 million aggregate principal amount of senior notes issued in connection with the underwriters’ option to purchase senior notes. Gross proceeds for both offerings are exclusive of underwriting discounts and commissions and estimated offering expenses payable by the Company.
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B&W Environmental Awarded $13 Million Contract to Supply Clean Energy and Water Treatment Technologies for Waste-to-Energy Plant in Europe

2/11/2021

(AKRON, Ohio – February 11, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design, supply and install a flue gas energy recovery system and advanced water treatment equipment for a waste-to-energy plant in Europe. The contract is valued at more than $13 million.
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Babcock & Wilcox Enterprises Announces Pricing of Common Stock Offering

2/10/2021

(AKRON, Ohio – February 10, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that it priced an underwritten registered public offering of 25,641,026 shares of its common stock at a price to the public of $5.85 per share (the “Offering”), for gross proceeds of approximately $150 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company has granted the underwriter a 30-day option to purchase up to an additional 3,846,154 of its common stock sold in the proposed offering at the public offering price, less underwriting discounts and commissions. The offering is expected to close on February 12, 2021, subject to customary closing conditions.
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Babcock & Wilcox Enterprises Announces Pricing of $155 Million Offerings of Senior Notes Due 2026

2/10/2021

Includes B. Riley Financial exchanging a portion of its existing Tranche A term loan for $35 million of senior notes (AKRON, Ohio – February 10, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on February 10, 2021 it priced an underwritten public offering of $120 million aggregate principal amount of 8.125% senior notes due 2026. B&W has granted the underwriters a 30-day option to purchase up to an additional $5 million aggregate principal amount of senior notes in connection with the offering. The offering is expected to close on February 12, 2021, subject to customary closing conditions.
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