BW exchanges $132M of 2026 senior notes for $101M of 8.75% secured notes due 2030

Babcock & Wilcox Enterprises, Inc.

Exchanged ~$48M of 6.50% Senior Notes due 2026 and ~$84M of 8.125% Senior Notes due 2026 for ~$101M new 8.75% Second Lien Notes due 2030.
New notes accrue 8.75% interest, payable semi-annually, mature June 30, 2030; secured by substantially all assets (subordinated to existing first-lien debt).
Credit agreement amended to extend maturity to Jan 18, 2027, but accelerates if 8.125% notes not repaid by Nov 28, 2025 or 6.50% notes by Sep 30, 2026.
Existing exchanged notes were cancelled upon issuance of the new notes.
Interest on new notes commences with first payment Dec 30, 2025; company may redeem after May 19, 2026 at 100% plus accrued interest.

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