Babcock & Wilcox Enterprises Completes Full Redemption of 2026 Notes

AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today that, on August 14, 2026, we completed the previously announced redemption of the entire $61.4 million aggregate principal amount outstanding of our 6.50% Senior Notes due 2026 (the “Notes”), which were issued pursuant to an indenture, dated as of February 12, 2021, as supplemented by the First Supplemental indenture, dated as of February 12, 2021 (the “First Supplemental Indenture”), and further supplemented by the Second Supplemental indenture, dated as of December 13, 2021 (the “Second Supplemental Indenture”) between us and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Redemption”). We redeemed all Notes at a redemption price equal to 100% of the principal amount of such Notes together with the requisite accrued and unpaid interest. Subsequent to the completion of the Redemption, no Notes remain outstanding.

“The successful retirement of this senior debt reflects the progress we have made in strengthening our financial position,” said Cameron Frymyer, Chief Financial Officer, B&W. “With our strongest balance sheet in recent history, we are well positioned to capitalize on growing demand for reliable power generation in the AI and data center, utility and industrial sectors, support our customers’ evolving energy needs, and advance strategic opportunities across our global markets.”

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the redemption of Notes and B&W’s ability to capitalize on demand for power generation. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.