Babcock & Wilcox to redeem $70M 2026 notes

Babcock & Wilcox Enterprises, Inc. plans to redeem $70 million aggregate principal amount of its 8.125% Senior Notes due 2026.

Rhea-AI Filing Summary

Babcock & Wilcox Enterprises, Inc. plans to redeem $70 million aggregate principal amount of its 8.125% Senior Notes due 2026. The company has issued a redemption notice stating that on October 2, 2025, it will redeem this portion of the notes at 100% of principal, plus accrued and unpaid interest up to, but excluding, the redemption date. On that date, the redemption price will be due and interest on the redeemed notes will stop accruing.

Insights

Corporate credit and capital structure analyst

Babcock & Wilcox will retire $70M of 8.125% 2026 notes at par, reducing this specific high-coupon debt.

Babcock & Wilcox Enterprises has given formal notice to redeem $70 million aggregate principal amount of its 8.125% Senior Notes due 2026 on October 2, 2025. The notes will be redeemed at 100% of principal, plus accrued and unpaid interest up to, but excluding, the redemption date, which means holders receive full face value and the interest earned to that point.

This transaction represents a cash outflow from the company to noteholders but removes an 8.125% coupon obligation on the redeemed portion going forward. After the redemption date, interest on these redeemed notes will cease to accrue, mechanically lowering future interest expense tied to this tranche, while the net effect on overall leverage and liquidity depends on the company’s broader balance sheet and funding sources, which are not detailed here.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Babcock & Wilcox Enterprises (BW) announce in this 8-K?

The company announced it has issued a redemption notice for $70 million aggregate principal amount of its 8.125% Senior Notes due 2026, to be redeemed on October 2, 2025 at 100% of principal plus accrued and unpaid interest.

Which Babcock & Wilcox securities are affected by the $70 million redemption?

The redemption applies to $70 million aggregate principal amount of Babcock & Wilcox’s 8.125% Senior Notes due 2026, which are listed with the trading symbol BWSN on the New York Stock Exchange.

At what price will Babcock & Wilcox redeem the 8.125% Senior Notes due 2026?

The notes will be redeemed at a price equal to 100% of the principal amount of the redeemed notes, plus any accrued and unpaid interest up to, but excluding, the October 2, 2025 redemption date.

What happens to interest on Babcock & Wilcox’s redeemed notes after the redemption date?

On the October 2, 2025 redemption date, the redemption price becomes due and payable on each note being redeemed, and interest on those notes will cease to accrue on and after that date.

Which Babcock & Wilcox securities are listed on the NYSE according to this filing?

The filing lists the following NYSE-traded securities: common stock (symbol BW), 8.125% Senior Notes due 2026 (symbol BWSN), 6.50% Senior Notes due 2026 (symbol BWNB), and 7.75% Series A Cumulative Perpetual Preferred Stock (symbol BW PRA).

Does Babcock & Wilcox include any forward-looking statements in this 8-K?

Yes. The company states that the report contains forward-looking statements, including statements about the redemption of the notes, and notes that actual results may differ materially due to various risks described in its Form 10-K and Form 10-Q filings.

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Accepted by SEC EDGAR 08/28/2025 - 06:30 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2025

BABCOCK & WILCOX ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-36876		47-2783641
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1200 East Market Street Suite 650 Akron, Ohio		44305
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, including Area Code: (330) 753-4511

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on which Registered
Common stock, $0.01 par value per share	BW	New York Stock Exchange
8.125% Senior Notes due 2026	BWSN	New York Stock Exchange
6.50% Senior Notes due 2026	BWNB	New York Stock Exchange
7.75% Series A Cumulative Perpetual Preferred Stock	BW PRA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 8.01 Other Events

On August 28, 2025, Babcock & Wilcox Enterprises, Inc. (the “Company”) issued a notice of redemption (the “Redemption Notice”) for $70 million aggregate principal amount outstanding of its 8.125% 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 “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee.

Pursuant to the Redemption Notice, on October 2, 2025 (the “Redemption Date”), the Company will redeem $70 million aggregate principal amount of the outstanding Notes at a redemption price equal to 100% of the principal amount of such Notes (the “Redemption Price”) together with any accrued and unpaid interest up to, but excluding, the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed and interest thereon will cease to accrue on and after the Redemption Date.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements, including, without limitation, statements relating to the redemption of Notes. 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 report, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BABCOCK & WILCOX ENTERPRISES, INC.
August 28, 2025	By:	/s/ Cameron Frymyer
		Cameron Frymyer
		Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer and Duly Authorized Representative)