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Babcock & Wilcox Announces Partial Redemption of Notes

1. BW announced $70 million redemption of Senior Notes due 2026. 2. Redemption at 100% principal, plus accrued interest on October 2, 2025. 3. Forward-looking statements caution against reliance due to risks and uncertainties.

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FAQ

Why Bullish?

The redemption of high-yield debt demonstrates financial confidence and could enhance BW's financial stability, similar to previous successful debt repayments boosting stock performance.

How important is it?

Clarifying debt reduction can attract investors, as seen with other companies reducing interest burdens.

Why Long Term?

The redemption reflects a strategic move to reduce debt, improving financials over time, a strategy shown to positively impact companies like BW.

Related Companies

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE:BW) announced today that we issued a notice of redemption (the "Redemption Notice") for $70 million aggregate principal amount outstanding of our 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 us and The Bank of New York Mellon Trust Company, N.A., as trustee.

Pursuant to the Redemption Notice, on October 2, 2025 (the "Redemption Date"), we will redeem $70 million aggregate principal amount of the outstanding 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.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the redemption of Notes. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Investor Contact:

Investor Relations

Babcock & Wilcox

704.625.4944

investors@babcock.com

Media Contact

Ryan Cornell

Public Relations

Babcock & Wilcox

330.860.1345

rscornell@babcock.com

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