Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 8

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 8
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 the United States, Europe and other international climate change sensitive countries; |

| · | prices for electricity, along with the cost of production and distribution, including the cost of fuels, within the United States, Europe, Middle East and Asia; |

| · | demand for electricity and other end products of steam-generating facilities; |

| · | level of capacity utilization at operating power plants and other industrial uses of steam production; |

| · | maintenance and upkeep requirements at operating power plants, including to address the accumulated effects of usage; |

| · | overall strength of the industrial industry; |

| · | ability of electric power generating companies and other steam 
 users to raise capital; and                                    |

| · | the impact of geopolitical conflicts, including the ongoing conflicts in Ukraine and the Middle East. |

Customer demand is heavily affected by the variations in our customers’ business cycles, power demand in their operating territories and by the overall economies and energy, environmental and noise abatement needs of the countries in which they operate. Recent Developments A-S-H Disposal On October 31, 2025, the Company, through certain wholly owned subsidiaries of the Company, Allen-Sherman-Hoff, LLC, The Babcock & Wilcox Company (“BWC”) and Babcock & Wilcox Canada Corp. (collectively, the “Sellers”) completed the sale to Andritz AG through certain of its wholly-owned subsidiaries, Cinder Acquisitions LLC and Andritz Canada Inc. (collectively, the “Buyers”) of the assets comprising the Company’s ash handling business known as Allen-Sherman-Hoff (“ASH”, and such sale, the “ASH Disposal”), pursuant to that certain purchase agreement dated October 31, 2025 (the “Purchase Agreement”). The total base purchase price paid pursuant to the Purchase Agreement was approximately $29,000,000, subject to certain offsets and adjustments. The Purchase Agreement also includes an undertaking for the Sellers and their affiliates not to compete with the ASH business or to solicit customers or employees with respect to the ASH business for a period of four years. In connection with the ASH Disposal, BWC was also appointed as the exclusive sales representative and reseller for a three-year term within certain designated territories for both the ASH business and for the Company’s former Diamond Power International, LLC, subsidiary, which was acquired by a subsidiary of Andritz AG in a transaction that closed on July 31, 2025.

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The above