Babcock & Wilcox amends credit agreement, raising cash threshold for borrowing from $30M to $40M

Babcock & Wilcox Enterprises, Inc.

Entered Fourth Amendment to Revolving Credit Agreement on June 26, 2023.
Increased unrestricted cash limit for borrowing from $30 million to $40 million.
Paid a $10,000 amendment fee to PNC Bank, the administrative agent and a lender.
All existing representations and warranties reaffirmed; no default occurred.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Babcock & Wilcox Enterprises, Inc. amended Fourth Amendment to the Revolving Credit Agreement with PNC Bank, National Association (effective 2023-06-26).

Action: amendment
Agreement: credit facility
Counterparty: PNC Bank, National Association
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, Babcock & Wilcox Enterprises, Inc. (the “Company”), with certain subsidiaries of the Company as guarantors, certain lenders from time to time party to the Revolving Credit Agreement, and PNC Bank, National Association (“PNC”), as administrative agent and swing loan lender to the Revolving Credit, Guaranty and Security Agreement, dated as of June 30, 2021 (the “Revolving Credit Agreement”), entered into the Fourth Amendment to the Revolving Credit Agreement (the “Amended Revolving Credit Agreement”).

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Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-077169

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