debt
confidence high
sentiment neutral
materiality 0.50
Babcock & Wilcox commences $70M tender offer for two series of 2026 senior notes
Babcock & Wilcox Enterprises, Inc.
- Tender offer to purchase up to $70M aggregate principal of 8.125% and 6.50% Senior Notes due 2026.
- Expiration date July 11, 2025; settlement expected July 14, 2025.
- Offer contingent on closing of sale of Diamond Power International to Andritz AG with sufficient net proceeds.
- Tender Consideration per $25 principal: $20.00 for Feb 2026 notes and $16.25 for Dec 2026 notes.
- Outstanding principal: ~$109M (Feb 2026 notes) and ~$104M (Dec 2026 notes).
item 8.01item 9.01