other_material
confidence high
sentiment neutral
materiality 0.70
Babcock & Wilcox prices $200M common stock offering at $18.50/share
Babcock & Wilcox Enterprises, Inc.
- Priced 10,810,811 shares at $18.50/share for ~$200M gross; underwriters have 30-day option for 1,621,621 additional shares.
- Offering closed May 18 with full exercise of option, total 12,432,432 shares issued.
- Proceeds to prepay credit facility and reborrow for growth initiatives including AI data center power, BrightLoop tech, and potential acquisitions.
- B. Riley Securities lead book-runner; Craig-Hallum and Lake Street joint book-runners; Northland co-manager.
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