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Babcock & Wilcox Enterprises, Inc., 6.50% Senior Notes Due 12/31/2026
Ticker Symbol: BWNB CUSIP: 05614L506 Exchange: NYSE
Security has been Called for: Thursday, August 13, 2026
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(AKRON, Ohio – July 13, 2026) — Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today that we issued a notice of redemption (the “Redemption Notice”) for all $61.4 million aggregate principal amount outstanding of our 6.50% 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 “First Supplemental Indenture”), and further supplemented by the Second Supplemental indenture, dated as of December 13, 2021 (the “Second Supplemental Indenture”) between us and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Redemption”).
Pursuant to the Redemption Notice, on August 13, 2026 (the “Redemption Date”), we will redeem all Notes at a redemption price equal to 100% of the principal amount of such Notes (the “Redemption Price”) together with any Make-Whole Amount and 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.
June 5, 2025 -- Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today offers to purchase for $16.25 cash per note up to a maximum $70 million aggregate amount (the “Offer Cap”) of Tender Consideration (as defined below) of the Company’s 6.50% Senior Notes due 2026 The Cash Offers are scheduled to expire at 5:00 p.m., New York City time, on July 11, 2025, unless extended or earlier terminated by the Company. Holders of Notes described in the table above may withdraw their validly tendered Notes at any time at or prior to 5:00 p.m., New York City time, on July 11, 2025, unless extended by the Company. In order to receive the Tender Consideration, Holders of Notes must tender and not withdraw their Notes at or prior to the Expiration Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Babcock & Wilcox Enterprises, Inc., 6.50% Senior Notes Due 2026, issued in $25 denominations, rissued in $25 denominations, redeemable at the issuer's option at any time before 10/02/2026 at $25 plus a make-whole amount per note plus accrued and unpaid interest (see prospectus for more details), and after 10/02/2026 at $25.00 per note plus accrued and unpaid interest, and maturing 12/31/2026. . Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BB+ by Egan Jones Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BW)
IPO - 12/7/2021 - 5.00 Million Notes @ $25/note.
Link to IPO Prospectus
Market Value $ Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1200 E. Market Street, Suite 650, Akron, OH 44305 |
| Main Phone Number |
330-753-4511 |
| Fax Number |
Not Available |
| Investor Relations
Megan Wilson
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704-625-4944
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| CEO - Kenneth Young |
CFO - Louis Salamone |
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