Babcock & Wilcox Begins Cash Tender Offer for Two Note Series

Babcock & Wilcox Enterprises, Inc., a prominent entity in clean power production technology, has recently launched cash tender offers for two series of notes, paving the way towards a net-zero future. These offers involve purchasing a maximum of $70 million aggregate amount of the company’s 8.125% Senior Notes due 2026 and 6.50% Senior Notes due 2026. Holders of these Notes have the opportunity to tender and withdraw their notes until July 11, 2025, with the settlement date expected to be July 14, 2025.

The Cash Offers are contingent on certain conditions, including the completion of the sale of Diamond Power International, LLC, and the receipt of net proceeds to fund the cash offers. Holders whose notes are accepted in the Cash Offers will receive the Tender Consideration, along with a cash payment representing accrued and unpaid interest on the notes until the Settlement Date. The company’s acceptance and payment for the notes are subject to specific conditions outlined in the Offer to Purchase.

Subject to applicable law, the company has the right to extend, waive, or amend the Cash Offers. Holders of Notes are advised to consult with their intermediaries for specific deadlines and instructions related to participating in or withdrawing from the Cash Offers. B. Riley Securities, Inc. has been appointed as the Dealer Manager for the Cash Offers, and inquiries can be directed to them for assistance.

It’s essential to note that this press release is not an invitation to purchase securities but is specifically issued through the Offer to Purchase to comply with applicable laws and regulations. Babcock & Wilcox Enterprises, Inc. operates in the energy and environmental sectors, delivering products and services for power and industrial markets globally. Stay connected with us on LinkedIn and visit our website for further information on our initiatives.

Babcock & Wilcox highlights the importance of addressing forward-looking statements, emphasizing the risks and uncertainties associated with the Cash Offers and the Diamond Power Closing Condition. For further understanding of these risk factors, interested parties are encouraged to review filings with the Securities and Exchange Commission, shedding light on the comprehensive landscape of these strategic endeavors.