Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 114

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 114
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-registrar designated by us.

We will not impose a service
charge for any transfer or exchange, but we may require holders to pay any tax or other governmental charges associated with any transfer
or exchange.

In the event of any redemption of debt securities
of any series, we will not be required to:

| · | issue,                                                                                                                               
 register the transfer of, or exchange, any debt security of that series during a period beginning at the opening of 15 business days 
 before the day of sending of a notice of redemption and ending at the close of business on the day such notice is sent; or           |

| · | register                                                                                                                             
 the transfer of or, exchange any, debt security of that series selected, called or being called for redemption, in whole or in part, 
 except the unredeemed portion of any series being redeemed in part.                                                                  |

We may initially appoint
the trustee as the registrar. Any transfer agent, in addition to the registrar initially designated by us, will be named in the prospectus
supplement. We may designate additional transfer agents or change transfer agents or change the office of the transfer agent. However,
we will be required to maintain a transfer agent in each place of payment for the debt securities of each series.

Global Securities

The debt securities of any series may be represented,
in whole or in part, by one or more global securities. Each global security will:

| · | be registered in the name of                                   
 a depositary that we will identify in a prospectus supplement; |

| · | be deposited with the trustee                       
 as custodian for the depositary or its nominee; and |

| · | bear any required legends. |

No global security may be
exchanged in whole or in part for debt securities registered in the name of any person other than the depositary or any nominee unless:

| · | the depositary                                                                                                                    
 has notified us that it is unwilling or unable to continue as depositary or has ceased to be qualified to act as depositary, and  
 in either case we fail to appoint a successor depositary registered as a clearing agency under the Exchange Act within 90 days of 
 such event;                                                                                                                       |

| · | we execute and deliver to the                                                                           
 trustee an officer’s certificate to the effect that such global securities shall be so exchangeable; or |

| 40 |

| · | an event of default with respect                                                                    
 to the debt securities represented by such global securities shall have occurred and be continuing. |

As long as the