Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 86

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 86
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 security.

Payment and Paying Agent

The provisions of this subsection
will apply to the debt securities unless otherwise indicated in the prospectus supplement. Payment of interest on a debt security on
any interest payment date will be made to the person in whose name the debt security is registered at the close of business on the regular
record date. Payment on debt securities of a particular series will be payable at the office of a paying agent or paying agents designated
by us. However, at our option, we may pay interest by mailing a check to the record holder.

We may also name any other
paying agents in the prospectus supplement. We may designate additional paying agents, change paying agents or change the office of any
paying agent. However, we will be required to maintain a paying agent in each place of payment for the debt securities of a particular
series.

Subject to any applicable
abandoned property law, all moneys paid by us to a paying agent for payment on any debt security that remain unclaimed at the end of
two years after such payment was due will be repaid to us. Thereafter, the holder may look only to us for such payment.

Consolidation, Merger and Sale of Assets

Except as otherwise set forth
in the applicable prospectus supplement, we may not merge or consolidate with or into any other person, in a transaction in which we
are not the surviving corporation, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of the properties
and assets of us and our subsidiaries, taken as a whole, to any person, unless:

| · | the successor                                                                                       
 or transferee is a U.S. corporation, limited liability company, partnership, trust or other entity; |

| 41 |

| · | the successor                                                                                                                     
 or transferee assumes our obligations on the debt securities and under the indenture pursuant to a supplemental indenture in form 
 reasonably satisfactory to the trustee;                                                                                           |

| · | immediately                                                                                                                                 
 after giving effect to the transaction and treating our obligations in connection with or as a result of such transaction as having         
 been incurred as of the time of such transaction, no default or event of default under the indenture shall have occurred and be continuing; 
 and                                                                                                                                         |

| · | an officer’s                                                                                               
 certificate and an opinion of counsel have been delivered to the trustee in connection with the foregoing. |

In the event of the above
transaction, if there is a successor or transferee, then the successor