
Babcock &amp; Wilcox Enterprises, Inc. (&#34;B&amp;W&#34; or the &#34;Company&#34;) (NYSE:BW) announced today that, on August 14, 2026, we completed the previously announced redemption of the entire $61.4 million

<p xmlns="http://www.w3.org/1999/xhtml">
Babcock &amp; Wilcox Enterprises, Inc. ("B&amp;W" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BW">BW</a>) announced today that, on August 14, 2026, we completed the previously announced redemption of the entire $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"). We redeemed all Notes at a redemption price equal to 100% of the principal amount of such Notes together with the requisite accrued and unpaid interest. Subsequent to the completion of the Redemption, no Notes remain outstanding.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The successful retirement of this senior debt reflects the progress we have made in strengthening our financial position," said Cameron Frymyer, Chief Financial Officer, B&amp;W. "With our strongest balance sheet in recent history, we are well positioned to capitalize on growing demand for reliable power generation in the AI and data center, utility and industrial sectors, support our customers’ evolving energy needs, and advance strategic opportunities across our global markets."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">About Babcock &amp; Wilcox</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Headquartered in Akron, Ohio, Babcock &amp; Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on </i><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fbabcock-%26-wilcox&amp;esheet=54590168&amp;newsitemid=20260817603594&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=1&amp;md5=b340c5902710d6b72661ba3dea87e5ca" shape="rect"><i xmlns="http://www.w3.org/1999/xhtml">LinkedIn</i></a><i xmlns="http://www.w3.org/1999/xhtml"> and learn more at </i><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.babcock.com%2F&amp;esheet=54590168&amp;newsitemid=20260817603594&amp;lan=en-US&amp;anchor=babcock.com&amp;index=2&amp;md5=9aa4e32f0e147181d2956e36507332f6" shape="rect"><i xmlns="http://www.w3.org/1999/xhtml">babcock.com</i></a><i xmlns="http://www.w3.org/1999/xhtml">.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">B&amp;W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the redemption of Notes and B&amp;W’s ability to capitalize on demand for power generation. 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.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260817603594r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260817603594/en/" rel="nofollow">https://www.businesswire.com/news/home/20260817603594/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>Babcock &amp; Wilcox
<br xmlns="http://www.w3.org/1999/xhtml"></br>704.625.4944
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@babcock.com" shape="rect">investors@babcock.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Ryan Cornell
<br xmlns="http://www.w3.org/1999/xhtml"></br>Public Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>Babcock &amp; Wilcox
<br xmlns="http://www.w3.org/1999/xhtml"></br>330.860.1345
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:rscornell@babcock.com" shape="rect">rscornell@babcock.com</a>

</p>

Babcock & Wilcox Enterprises Completes Full Redemption of 2026 Notes

Babcock & Wilcox Redeems $61.4 Million Senior Notes, Strengthening Balance Sheet

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Babcock &amp;amp; Wilcox Enterprises, Inc. (&amp;#34;B&amp;amp;W&amp;#34; or the &amp;#34;Company&amp;#34;) (NYSE:BW) announced today that, on August 14, 2026, we completed the previously announced redemption of the entire $61.4 million</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BW completed the redemption of its entire $61.4 million 6.50% senior notes due 2026 on August 14, 2026. Management notes the stronger balance sheet will help BW capitalize on demand for reliable power in AI, data centers, utilities and industrial markets. The move reduces interest expense and improves capital flexibility, supporting future growth opportunities.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BW redeemed all $61.4M of 6.50% notes due 2026 on Aug 14, 2026. Notes fully redeemed.</li><li>CFO cites a stronger balance sheet, positioning BW for AI and data-center demand.</li><li>Debt retirement lowers interest expense and strengthens leverage, enabling strategic investments.</li><li>No outstanding notes remain; liquidity and capital flexibility improve.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Babcock &amp; Wilcox Enterprises, Inc. (BW)</strong>: Redeemed entire note tranche; debt reduction strengthens balance sheet and liquidity.</li><li><strong>The Bank of New York Mellon Trust Company, N.A. (N/A)</strong>: Trustee for the notes; direct market impact minimal.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments: debt redemption improves BW&#039;s capital structure and liquidity, aligning with growth opportunities in energy and power-generation markets.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Redemption reduces interest expense and improves leverage metrics.</li><li>Stronger balance sheet may enable faster growth capex.</li><li>Positive debt action could lift credit and equity sentiment.</li><li>AI and data-center demand tailwinds support growth.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Redemption completed on Aug 14, 2026.</li><li>Aggregate principal prior to redemption: $61.4 million.</li><li>6.50% senior notes due 2026 were redeemed.</li><li>Notes were issued Feb 12, 2021; Second Supplemental Indenture Dec 13, 2021.</li><li>No notes outstanding after redemption.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Debt retirement improves leverage and flexibility, likely delivering modest near-term BW upside.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Babcock &amp; Wilcox Enterprises, Inc. ("B&amp;W" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BW">BW</a>) announced today that, on August 14, 2026, we completed the previously announced redemption of the entire $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"). We redeemed all Notes at a redemption price equal to 100% of the principal amount of such Notes together with the requisite accrued and unpaid interest. Subsequent to the completion of the Redemption, no Notes remain outstanding.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The successful retirement of this senior debt reflects the progress we have made in strengthening our financial position," said Cameron Frymyer, Chief Financial Officer, B&amp;W. "With our strongest balance sheet in recent history, we are well positioned to capitalize on growing demand for reliable power generation in the AI and data center, utility and industrial sectors, support our customers’ evolving energy needs, and advance strategic opportunities across our global markets."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">About Babcock &amp; Wilcox</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Headquartered in Akron, Ohio, Babcock &amp; Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on </i><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fbabcock-%26-wilcox&amp;esheet=54590168&amp;newsitemid=20260817603594&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=1&amp;md5=b340c5902710d6b72661ba3dea87e5ca" shape="rect"><i xmlns="http://www.w3.org/1999/xhtml">LinkedIn</i></a><i xmlns="http://www.w3.org/1999/xhtml"> and learn more at </i><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.babcock.com%2F&amp;esheet=54590168&amp;newsitemid=20260817603594&amp;lan=en-US&amp;anchor=babcock.com&amp;index=2&amp;md5=9aa4e32f0e147181d2956e36507332f6" shape="rect"><i xmlns="http://www.w3.org/1999/xhtml">babcock.com</i></a><i xmlns="http://www.w3.org/1999/xhtml">.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">B&amp;W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the redemption of Notes and B&amp;W’s ability to capitalize on demand for power generation. 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.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260817603594r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260817603594/en/" rel="nofollow">https://www.businesswire.com/news/home/20260817603594/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>Babcock &amp; Wilcox
<br xmlns="http://www.w3.org/1999/xhtml"></br>704.625.4944
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investors@babcock.com" shape="rect">investors@babcock.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Ryan Cornell
<br xmlns="http://www.w3.org/1999/xhtml"></br>Public Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>Babcock &amp; Wilcox
<br xmlns="http://www.w3.org/1999/xhtml"></br>330.860.1345
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:rscornell@babcock.com" shape="rect">rscornell@babcock.com</a>

</p>

BW completed the redemption of its entire $61.4 million 6.50% senior notes due 2026 on August 14, 2026. Management notes the stronger balance sheet will help BW capitalize on demand for reliable power in AI, data centers, utilities and industrial markets. The move reduces interest expense and improves capital flexibility, supporting future growth opportunities.

News insight

Babcock & Wilcox Enterprises Completes Full Redemption of 2026 Notes

AI summary

Sentiment rationale

Key facts

Corporate Developments