Company: BWNB
Filing Date: 2025-06-05
Form Type: 8-K
Source: 0001104659-25-056640
Chunk: 0

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-05
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive Agreement

On June 4, 2025, Babcock & Wilcox Enterprises, Inc. (the “ Company”)
through certain wholly owned subsidiaries of the Company, The Babcock & Wilcox Company, Babcock & Wilcox International Sales and
Service Corporation, and Babcock & Wilcox Canada Corp. (collectively, the “ Sellers”) entered into an agreement (the “ Purchase
Agreement”) to sell to certain legal entities affiliated with Andritz AG (the “ Buyers”) the equity interests of Diamond
Power International, LLC (“ Diamond”) and related legal entities together with assets related to the Diamond business (the
“ Sale”). The Sale is expected to close within approximately 30 days.

The Purchase Agreement provides for a base purchase price equal to
$177 million, subject to certain offsets and adjustments. The Purchase Agreement also includes representations and warranties regarding
the Sale, as well as certain indemnities with respect thereto. The Purchase Agreement also includes an undertaking for the Sellers and
their affiliates not to compete with the Diamond business or to solicit customers or employees with respect to the Diamond business for
a period of four years.

The Sellers and the Buyers expect to enter into a transition services
agreement under which the Sellers and/or their affiliates would provide services to support the Diamond business and under which Diamond
would provide services to support Sellers and their affiliates for a temporary period.

The Company does not have any material relationship with the Buyers
other than in respect of the transaction.

Item 7.01 Regulation FD Disclosure