Company: BWNB
Filing Date: 2025-11-04
Form Type: 8-K
Source: 0001104659-25-106447
Chunk: 6

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-04
Form: 8-K
Item: Item 8.01
Chunk 6
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Item 8.01 Other Events.

Applied Digital

On November 4, 2025, BWC and Applied Digital entered into a LNTP to
begin work (the “preliminary activities”) for the delivery and installation of natural gas technology that will provide 1
gigawatt of efficient energy for a planned AI data center project (the “ Project”). BWC and Applied Digital intend to enter
into a definitive written agreement in relation to the Project (the “ Definitive Agreement”), which will supersede the LNTP
once executed, provided that if a Definitive Agreement is not entered into on or before January 1, 2026, BWC may discontinue performance
of the preliminary activities.

The above summary does not purport to be a complete
description of the LNTP, and is qualified in its entirety by reference to the complete text of the LNTP, which will be filed with the
Company’s Annual Report on Form 10-K for the year ending December 31, 2025.

Q3 Earnings Release

On November 4, 2025, the Company issued a press release announcing
its financial results for the quarter ended September 30, 2025, as stated above, which is attached hereto as Exhibit 99.1 and incorporated
herein by reference.

Redemption of 8.125% Notes due 2026

On November 4, 2025, Company issued a notice of
redemption (the “ Redemption Notice”) for all approximately $26 million aggregate principal amount outstanding of its 8.125%
Senior Notes due 2026 (the “ Notes”), which were issued pursuant to an indenture, dated as of February 12, 2021, as supplemented
by the First Supplemental indenture, dated as of February 12, 2021 (the “ Indenture”), between the Company and The Bank of
New York Mellon Trust Company, N. A., as trustee (the “ Redemption”).

Pursuant to the Redemption Notice, on December 5, 2025 (the “ Redemption
Date”), the Company will redeem all Notes at a redemption price equal to 100% of the principal amount of such Notes (the “ Redemption
Price”) together with any accrued and unpaid interest up to, but excluding, the Redemption Date. On the Redemption Date, the Redemption
Price will become due and payable upon each Note to be redeemed and interest thereon will cease to accrue on and