Company: BWNB
Filing Date: 2025-05-12
Form Type: 8-K
Source: 0001630805-25-000013
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Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events

On May 12, 2025, Babcock & Wilcox Enterprises, Inc., a Delaware corporation (the “ Company”) issued a press release announcing that the Company entered into privately negotiated exchanges with a limited number of noteholders (the “ Exchanges”) that will result in approximately $132 million of the Company’s outstanding Senior Notes due 2026 being exchanged for approximately $101 million in newly issued 8.75% Senior Secured Second Lien Notes due 2030 (the “ New Notes”). The Exchanges will include approximately $84 million in 8.125% Senior Notes due February 28, 2026 and approximately $48 million in 6.50% Senior Notes due December 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.

Neither this Current Report on Form 8-K nor the press release constitutes an offer to sell, or the solicitation of an offer to buy, the New Notes.

Forward-Looking Statements

This Current Report on Form 8-K (and the exhibits attached hereto) may contain “forward-looking” statements as defined by the Private Securities Litigation Reform Act of 1995 or by the Securities Exchange Commission (the “ SEC”) in its rules, regulations and releases. These statements include, but are not limited to, statements relating to the Exchanges and the anticipated closing of the Exchanges. These statements can be identified by the use of words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” “targets”, and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this report and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements, including without limitation, the risks identified and discussed from time to time in the Company’s reports filed with the SEC, including the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Reports on Form 10-Q for the quarter ended March 31, 2025. Readers are strongly encouraged to review carefully the full cautionary statements described in these reports. Except as required by