---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-022894"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T22:17:19.502247+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Babcock & Wilcox amends credit agreement, extends maturity to Jan 2028, increases borrowing base

## Summary
- Maturity extended to January 18, 2028 (was previously unspecified shorter term).
- Borrowing base increased by allowing advances on inventory and receivables.
- PBGC reserve suspended until Jan 1, 2027; $3M re-imposed if $3M PBGC installment not paid by Sep 15, 2026.
- BRC Group Holdings (formerly B. Riley Financial) released as guarantor under the credit agreement.
- Covenants modified to allow certain foreign currency holdings in deposit accounts.

## SEC filing metadata
- accession: 0001104659-26-022894
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465926022894/0001104659-26-022894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465926022894/tm267787d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-022894
- JSON: https://secwatch.observer/filing/0001104659-26-022894.json
- Plain text: https://secwatch.observer/filing/0001104659-26-022894.txt

## Source-grounded claims
- claim_id: e6cbf8ad6374cfffe6d1e8f7dd8572ec0303eb82
  claim: Babcock & Wilcox Enterprises, Inc. amended credit facility with Axos Bank maturing January 18, 2028.
  evidence_excerpt: Pursuant to the Tenth Amendment, Axos and the Lenders party to the Credit Agreement agreed to amend certain provisions of the Credit Agreement to, among other things, (i) increase the amounts available to be borrowed based on inventory and receivables in the borrowing base under the Credit Agreement; (ii) extend the maturity date of the Credit Agreement to January 18, 2028; (iii) suspend the PBGC Reserve (provided that the PBGC Reserve shall be re-imposed in the amount of $3,000,000 on January 1, 2027 unless the Company has provided evidence to Axos that the $3,000,000 installment due to the PBGC on or prior to September 15, 2026 has been paid); (iv) modify the covenants relating to deposit account control agreements and institutions to allow for certain holdings in foreign currencies; and (v) release BRC as a specified guarantor thereunder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000110465926022894/0001104659-26-022894-index.htm
- claim_id: 620f2c5169935e8abe7819454b7d28fd91d10db9
  claim: Babcock & Wilcox Enterprises, Inc. amended Tenth Amendment to Credit Agreement and Amendment to Security Agreement with Axos Bank valued at Amendment to Credit Agreement to increase borrowing availability based on inventory and receivables, (effective 2026-02-25).
  evidence_excerpt: On February 25, 2026, Babcock & Wilcox Enterprises, Inc. (the “Company”) with certain subsidiaries of the Company as guarantors, BRC Group Holdings, Inc. (formerly known as B. Riley Financial, Inc.) (“BRC”), the lenders party to the Credit Agreement (as defined below), and Axos Bank (“Axos”), as administrative agent, entered into the Tenth Amendment to Credit Agreement and Amendment to Security Agreement (the “Tenth Amendment”), to that certain Credit Agreement, dated as of January 18, 2024 (as amended, restated, modified, or supplemented from time to time, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000110465926022894/0001104659-26-022894-index.htm

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