Babcock & Wilcox Amends Credit Agreement, Extends Maturity to 2028

Reuters
Mar 04
Babcock & Wilcox Amends Credit Agreement, Extends Maturity to 2028

Babcock & Wilcox Enterprises Inc. and certain subsidiaries, along with Axos Bank as administrative agent and the lenders under its credit facility, entered into a tenth amendment to the company’s credit agreement on Feb. 25, 2026. The amendment increases borrowing availability based on inventory and receivables, extends the facility’s maturity to Jan. 18, 2028, suspends the PBGC reserve subject to reinstatement conditions in 2027, adjusts certain deposit account control covenant requirements to allow holdings in foreign currencies, and releases BRC Group Holdings Inc. as a specified guarantor.

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: 0001104659-26-022894), on March 03, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10