Babcock & Wilcox Enterprises Inc. Announces New 8.75% Senior Secured Notes Maturing in 2030 Following Debt Exchange Transaction

Reuters

05-21

Babcock & Wilcox Enterprises Inc. Announces New 8.75% Senior Secured Notes Maturing in 2030 Following Debt Exchange Transaction

Babcock & Wilcox Enterprises Inc. has announced the completion of a privately negotiated exchange transaction with institutional investors, involving the conversion of existing Senior Notes for newly issued debt. The company exchanged approximately $132 million in Senior Notes due 2026 for about $101 million in new 8.75% Senior Secured Second Lien Notes due 2030. The new notes will accrue interest at 8.75% per annum, payable semi-annually starting December 30, 2025, with a maturity date of June 30, 2030. The company retains the option to redeem the notes in whole or in part after May 19, 2026, at face value plus any accrued interest. This strategic move aims to optimize the company's debt structure while adhering to specific covenants and maintaining flexibility under its credit arrangements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Babcock & Wilcox Enterprises Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-051300), on May 21, 2025, and is solely responsible for the information contained therein.

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Announces New 8.75% Senior Secured Notes Maturing in 2030 Following Debt Exchange Transaction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-21 19:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Babcock &amp; Wilcox Enterprises Inc. 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Announces New 8.75% Senior Secured Notes Maturing in 2030 Following Debt Exchange Transaction\n    \n\n        Babcock & Wilcox Enterprises Inc. has announced the completion of a privately negotiated exchange transaction with institutional investors, involving the conversion of existing Senior Notes for newly issued debt. The company exchanged approximately $132 million in Senior Notes due 2026 for about $101 million in new 8.75% Senior Secured Second Lien Notes due 2030. The new notes will accrue interest at 8.75% per annum, payable semi-annually starting December 30, 2025, with a maturity date of June 30, 2030. The company retains the option to redeem the notes in whole or in part after May 19, 2026, at face value plus any accrued interest. 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