Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 93

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 93
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 applicable series will not recognize  
 income, gain or loss for U.S. federal income tax purposes as a result of the deposit and related covenant defeasance and will be   
 subject to U.S. federal income tax on the same amounts and in the same manner and at the same times as would have been the case if 
 the deposit and related covenant defeasance had not occurred.                                                                      |

Governing Law

The Form Indenture and
the debt securities will be governed by, and construed in accordance with, the internal laws of the State of New York.

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<div align='center'>Description of Purchase Contracts</div>

We may issue purchase contracts, including contracts
obligating holders to purchase from us, and obligating us to sell to the holders, a specified number of common shares or other securities
at a future date or dates. The price per security of the securities and the number of securities may be fixed at the time the purchase
contracts are issued or may be determined by reference to a specific formula set forth in the purchase contracts. The purchase contracts
also may require us to make periodic payments to the holders of the purchase contracts, or vice versa, and those payments may be unsecured
or refunded on some basis. The purchase contracts may require holders to secure their obligations thereunder in a specified manner and
may provide for the prepayment of all or part of the consideration payable by holders in connection with the purchase of the underlying
security or other property pursuant to the purchase contracts.

The securities related to
the purchase contracts may be pledged to a collateral agent for our benefit pursuant to a pledge agreement to secure the obligations
of holders of purchase contracts to purchase the underlying security or property under the related purchase contracts. The rights of
holders of purchase contracts to the related pledged securities will be subject to our security interest therein created by the pledge
agreement. No holder of purchase contracts will be permitted to withdraw the pledged securities related to such purchase contracts from
the pledge arrangement.

The prospectus supplement
relating to any particular issuance of purchase contracts will describe the terms of the purchase contracts. The description in the prospectus
supplement will not necessarily be complete, and reference will be made to the purchase contracts, and, if applicable, collateral or
depositary arrangements, relating to the purchase contracts, which will be filed with the SEC each time we issue purchase contracts.
U.S. federal income tax considerations applicable to the purchase contracts will also be discussed in the prospectus supplement.

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