Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 16

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 16
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that (i) if the Company’s 8.125% senior notes due 2026 are not repaid, defeased, or otherwise satisfied in full or refinanced by
November 28, 2025 or the maturity date has not otherwise been extended to a date on or after July 18, 2027, then November 28, 2025, and
(ii) if the Company’s 6.50% senior notes due 2026 are not repaid, defeased, or otherwise satisfied in full or refinanced by September
30, 2026, or the maturity date has not otherwise been extended to a date on or after July 18, 2027, then September 30, 2026. The interest
rates applicable under the Credit Agreement are: (i) with respect to SOFR Loans, (a) SOFR plus 5.25% if the outstanding principal amount
of loans is equal to or less than $100 million or (b) SOFR plus 4.00% if the outstanding principal amount of loans is equal to or greater
than $100 million; (ii) with respect to Base Rate Loans, the greater of (a) the Federal Funds Rate plus 2.00% plus the Applicable Margin,
(b) the prime rate as designated by Axos plus the Applicable Margin (as defined in the Credit Agreement), and (c) Daily Simple SOFR (as
defined in the Credit Agreement) plus 1.00% plus the Applicable Margin; and (iii) with respect to the default rate under the Credit Agreement,
the then-existing interest rate plus 2.00%.

For more information on our
Credit Agreement and related matters, please see our Annual Report on Form 10-K for the year ended December 31, 2024, which is incorporated
herein by reference. The foregoing description of the Credit Agreement is only a summary, does not purport to be complete and is qualified
in its entirety by reference to the full text of the Credit Agreement, which agreement is filed as Exhibit 10.63 to our Form 10-K filed
on March 31, 2025 and is incorporated by reference herein.

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<div align='center'>DILUTION</div>

If you invest in our Common
Stock, your interest will be diluted to the extent of the difference between the price per share you pay in this offering and the net
tangible book value per share of