---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-005580"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:40:48.542920+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Babcock & Wilcox enters $150M revolving credit facility with Axos; expects $4M annual interest savings

## Summary
- New three-year $150M asset-based revolving credit facility with Axos Bank, replacing prior PNC facilities.
- Maturity date Jan 18, 2027; includes $100M letter of credit sublimit; expected annual interest savings ~$4M.
- Company and Senior Unsecured Notes (BWSN, BWNB) reaffirmed at 'BB+' by Egan-Jones Ratings.
- B. Riley provides guaranty; annual fee of 2.00% of revolver commitments (~$3M) payable to B. Riley.

## SEC filing metadata
- accession: 0001104659-24-005580
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465924005580/0001104659-24-005580-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465924005580/tm243807d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-005580
- JSON: https://secwatch.observer/filing/0001104659-24-005580.json
- Plain text: https://secwatch.observer/filing/0001104659-24-005580.txt

## Key facts
- Debt Financings
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000110465924005580/0001104659-24-005580-index.htm
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000110465924005580/0001104659-24-005580-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.