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

2/3/2020

- 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.
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B&W Continues To Work Toward Debt Refinancing

1/24/2020

(AKRON, Ohio – January 24, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company continues to work toward refinancing its current senior debt and extending its maturity and, as a result, has entered into an Amendment to further extend the deadline for completing certain required corporate actions in connection with the refinancing of its existing Credit Agreement. The deadline to complete these actions has been extended from January 20, 2020 to January 31, 2020. As previously disclosed, the Company is required to refinance by March 15, 2020.
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B&W SPIG Awarded Contract to Supply Cooling Tower to Polypropylene Plant in Poland

1/16/2020

(PARUZZARO, Italy – January 16, 2020) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract for more than USD$1 million by Hyundai Engineering Co. to design and supply a seven-cell, fiberglass-reinforced plastic (FRP) cooling tower for a polypropylene manufacturing plant in Poland.
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B&W Subsidiary Awarded Retrofit Boiler Equipment Installation Contract for U.S. Power Plant

1/16/2020

(AKRON, Ohio – January 16, 2020) – Babcock & Wilcox Construction Co., LLC (BWCC), a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has been awarded a contract for more than $5 million to install retrofit boiler equipment at a U.S. coal-fired power plant.
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B&W Announces Key Step Toward Debt Refinancing

1/7/2020

Company has entered negotiations with lenders for comprehensive refinancing  (AKRON, Ohio – January 7, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to extend the deadline to take certain required corporate actions related to refinancing from January 10, 2020 to January 20, 2020 and to maintain the current sublimit on borrowing under the company’s revolving credit facility portion of the Agreement. As previously disclosed, the Company is required to refinance by March 15, 2020.  B&W is in broader negotiations with creditors to refinance the current senior debt and extend maturity which is anticipated to be completed on or before January 20, 2020. 
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