Babcock & Wilcox Announces Results of Its Cash Tender Offers For Two Series of Notes
The Cash Offers expired at 5:00 p.m., New York City time, on August 15, 2025 (the 'Expiration Time'). As of the Expiration Time, an aggregate principal amount of:
(i) $109,021,800 of the February 2026 Notes were outstanding and an aggregate principal amount of $5,602,000 or approximately 5.14%, of the February 2026 Notes were validly tendered and not validly withdrawn; and
(ii) $103,632,975 of the December 2026 Notes were outstanding and an aggregate principal amount of $2,693,100 or approximately 2.60%, of the December 2026 Notes were validly tendered and not validly withdrawn.
The Company has accepted for payment all Notes validly tendered and not validly withdrawn prior to the Expiration Time pursuant to the settlement procedures described in the Offer to Purchase, dated June 5, 2025.
Requests for documents relating to the Cash Offers may be directed to D.F. King & Co., Inc., the Tender Agent and Information Agent for the tender offer, at (800) 769-4414 (toll-free) or 212-269-5550 (collect). B. Riley Securities, Inc. acted as Dealer Manager for the Cash Offers. Questions regarding the Cash Offers may be directed to B. Riley Securities, Inc. by email at corporateactions@brileysecurities.com or by calling toll-free at (833) 528-1067.
This press release is not an offer to sell, or a solicitation of an offer to buy any of the securities described therein.
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