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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Babcock & Wilcox Enterprises, Inc. entered into Underwriting Agreement with B. Riley Securities, Inc., as representative of the several underwriters (effective 2026-05-14).

Action: entry
Agreement: underwriting
Counterparty: B. Riley Securities, Inc., as representative of the several underwriters
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, Babcock & Wilcox Enterprises, Inc., a Delaware corporation (the “Company”) entered into an an underwriting agreement, dated May 14, 2026 (the “Underwriting Agreement”), by and among the Company and B. Riley Securities, Inc., as representative of the several underwriters (the “Underwriters”), relating to its previously announced underwritten offering (the “Offering”) of 10,810,811 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”).

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Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-063192

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