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B&W Announces Comprehensive Debt Refinancing Agreement as Financial Performance Improves

- 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.

TRENDING ARTICLES

Design for Constructability

The term Constructability is defined as a process of optimum integration of construction knowledge and experience into project planning, design, procurement, and field operations to achieve overall project objectives. Read our latest Learning Center article on how designing for constructability can help minimize impacts and improve productivity through the elimination of rework and/or corrective action, improve material deliveries, and take advantage of modularization. 

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SCR Temperature Control at Low Boiler Loads

V-Temp temperature control system has been successfully installed on utility steam boilers operating at lower loads. 

READ THE SUCCESS STORY >

Oil Sands Frequently Asked Questions

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.

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Boiler Operations That Affect Efficiency (Part 2)

Optimizing boiler and steam system efficiency is more important than ever. Although a boiler’s efficiency is primarily a result of its design, an operator can maintain or significantly improve efficiency by effectively managing various techniques and key functions.

Read Part 2 of our series which discusses key operating functions.

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Babcock & Wilcox Moves World Headquarters to Akron, Ohio

We’re excited to share that the world headquarters for The Babcock & Wilcox Company has moved from Barberton to Akron, Ohio, USA.

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A smarter way to improved performance and efficiency

When operational problems on a 700 MW boiler were causing furnace damage, unit trips, and a negative impact on heat rate, an intelligent sootblowing system was installed to help improve unit operations and stability by providing better, more consistent heat transfer management.

READ THE SUCCESS STORY >

OUR COMPANY

Engineered Solutions 

 

We are Babcock & Wilcox (B&W) -- a company founded in 1867 by two friends with an unwavering commitment to reliable and effective innovation.

When Stephen Wilcox first avowed that “there must be a better way” to safely generate power, he and George Babcock responded with the design for the first inherently safe water-tube boiler, and the company was born.

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OUR BRANDS

Babcock & Wilcox (B&W)
Power generation and emissions control equipment; since 1867

Diamond Power
Boiler cleaning equipment, sootblowers, systems and replacement parts; since 1903

Allen-Sherman-Hoff (A-S-H)
Ash handling equipment, systems and replacement parts; since 1920

SPIG S.p.A.
Turnkey wet, dry and hybrid cooling systems; since 1936

Vølund A/S
Renewable energy systems from waste and biomass; since 1898

Vølund AB
Flue gas cleaning and flue gas condensation for waste and biofuel-fired installations; since 1988