Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 10

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 10
---
 to acquire 7,860,000 shares of Common Stock (the “Additional Warrant Shares” and together with the Initial
Warrant Shares, the “Warrant Shares”), on the same terms as the Initial Warrant (the “Additional Warrant” and,
together with the Initial Warrant, the “Warrants”). The Warrants are subject to certain limitations in order to comply with
the rules of The New York Stock Exchange. The Company has agreed to register the resale of the Additional Warrant Shares pursuant to the
Registration Rights Agreement.

The above summary does not purport to be a complete description of the Letter Agreement, the Form of Warrant and the Registration
Rights Agreement and is qualified in its entirety by reference to the complete text of the Letter Agreement, Form of Warrant and the Registration Rights Agreement, which will be filed with
the Company’s Annual Report on Form 10-K for the year ending December 31, 2025.

Redemption of 8.125% Notes due 2026

On November 4, 2025,
Company issued a notice of redemption (the “Redemption Notice”) for all approximately $26 million aggregate principal amount
outstanding of its 8.125% Senior Notes due 2026 (the “Notes”), which were issued pursuant to an indenture, dated as of February
12, 2021, as supplemented by the First Supplemental indenture, dated as of February 12, 2021 (the “Indenture”), between the
Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Redemption”).

Pursuant to the Redemption
Notice, on December 5, 2025 (the “Redemption Date”), the Company will redeem all Notes at a redemption price equal to 100%
of the principal amount of such Notes (the “Redemption Price”) together with any accrued and unpaid interest up to, but excluding,
the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed and interest
thereon will cease to accrue on and after the Redemption Date. Upon completion of the Redemption, no Notes will remain outstanding.

Corporate Information

We are incorporated under
the laws of the State of Delaware. Our principal executive offices are located at 1200 East Market Street, Akron, Ohio 44305. Our telephone
number is (330) 753-4511. Our website is http://www.babcock.com