Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Babcock & Wilcox Enterprises, Inc. incurred credit facility of up to $150 million asset-based revolving credit facility with Axos Bank at SOFR plus 5.25% if the outstanding principal amount of loans is equal to or less maturing January 18, 2027.
- Instrument
- credit facility
- Principal
- up to $150 million asset-based revolving credit facility
- Counterparty
- Axos Bank
- Rate
- SOFR plus 5.25% if the outstanding principal amount of loans is equal to or less
- Maturity
- January 18, 2027
- Event
- incurrence
Exact text from the filing
(the “Credit Agreement”). Capitalized terms used but not defined herein have the meaning given to them in the Credit Agreement. The Credit Agreement provides for an up to $150 million asset-based revolving credit facility (with availability subject to a borrowing base calculation), including a $100 million letter of credit sublimit. The obligations of the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Babcock & Wilcox Enterprises, Inc. entered into Credit Agreement with Axos Bank valued at up to $150 million (effective 2024-01-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Axos Bank
- Value
- up to $150 million
- Effective
- 2024-01-18
Exact text from the filing
On January 18, 2024, Babcock & Wilcox Enterprises, Inc. (the "Company") entered into that certain Credit Agreement, with certain subsidiaries of the Company as guarantors, the lenders party thereto from time to time and Axos Bank ("Axos"), as administrative agent, swingline lender and letter of credit issuer (the "Credit Agreement").
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