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

February 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 comprehensivel...
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B&W Continues To Work Toward Debt Refinancing

January 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

January 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

January 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

January 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...
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Babcock & Wilcox Moves World Headquarters to Akron, Ohio

December 30, 2020

December 30, 2019We’re excited to share that the world headquarters for The Babcock & Wilcox Company has moved from Barberton to Akron, Ohio, USA.[image src="/assets/News/East-End-Headquarters2-Babcock-Wilcox.jpeg" id="726" width="421" height="280" class="center ss-htmleditorfield-file image"]Come feel the energy at our new offices! We’re excited to offer convenient access to airports, hotels and dining options for visitors, and a dynamic work environment for our employees. We welcome the chance to connect with you.The new addresses are:Babcock & Wilcox 1200 E Market Street – Suite 650Ak...
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Babcock & Wilcox Announces Renewal of Maintenance Contract for New Mexico Power Plant

December 27, 2019

(BARBERTON, Ohio – December 27, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), has received a contract renewal valued at more than $4 million to provide maintenance services for Public Service Company of New Mexico’s (PNM) San Juan Generating Station in 2020.
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B&W Subsidiary to Supply Sootblowers for Power Plants in Asia

December 27, 2019

(BARBERTON, Ohio – December 27, 2019) – Babcock & Wilcox Enterprises, Inc.’s (NYSE: BW) (B&W) Scotland-based subsidiary, Diamond Power Specialty Limited (DPSL), has been awarded two contracts to supply sootblowers and furnace cleaning systems for two coal-fired power plants under construction in Asia. The combined value of these contracts is more than $4 million.
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B&W SPIG to Supply Cooling System for Gas Turbine Power Project in Turkmenistan

December 5, 2019

(PARUZZARO, Italy – December 5, 2019) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract by Renaissance Heavy Industries to design and supply fin fan cooler heat exchangers for the Turkmenenergo 432 megawatt, gas turbine power plant project in Charjev etrap, Lebap Velayat region,Turkmenistan.
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Babcock & Wilcox to Webcast Discussion of Its Third Quarter 2019 Results

October 28, 2019

(BARBERTON, Ohio – October 28, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, November 7, 2019 at 5 p.m. ET.
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B&W SPIG Completes Cooling Tower Restoration Project for Customer in Tasmania

October 24, 2019

(PARUZZARO, Italy – October 24, 2019) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has completed a cooling tower upgrade project at Bell Bay, Tasmania, a production facility owned by Tasmanian Electro Metallurgical Company (TEMCO).
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B&W Awarded Contract for Boiler Refurbishment

September 26, 2019

(BARBERTON, Ohio – September 26, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $12 million to refurbish a recovery boiler for a U.S. manufacturing facility.
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