---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-020869"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T10:29:34.844396+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BW obtains waiver of default on pension funding; credit agreement amended with reserve requirement

## Summary
- Lenders waived event of default for missing minimum funding of B&W Pension Plan for plan year ending Dec 31, 2023.
- Company must maintain reserve equal to aggregate required pension contributions for two plan years; reduces to one on refinancing.
- PBGC, Axos, and second lien holder entered into lien subordination agreement governing liens and proceeds.
- Board amended bylaws to adopt universal proxy rules, exclusive forum provisions, and other governance updates.

## SEC filing metadata
- accession: 0001104659-25-020869
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465925020869/0001104659-25-020869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465925020869/tm258238d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-020869
- JSON: https://secwatch.observer/filing/0001104659-25-020869.json
- Plain text: https://secwatch.observer/filing/0001104659-25-020869.txt

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