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Babcock & Wilcox Issues Clarification to Prior Release
March 12, 2020
(AKRON, Ohio - March 12, 2020) - Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) today announced a clarification to its press release issued at 6:45 a.m. EDT on March 12, 2020 regarding its preliminary, unaudited fourth quarter 2019 and full-year 2019 financial results.
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B&W Subsidiary Wins Power Plant Installation Project
March 11, 2020
• Activities are second phase of a multi-year plant maintenance project. • B&W previously contracted to supply boiler equipment and other plant components. (AKRON, Ohio – March 11, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that its subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), has been awarded a project valued at more than $65 million to install B&W-designed and engineered components for a power plant in North America.
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B&W shores up new projects in Bangladesh
February 25, 2020
February 25, 2020
There’s no mountain high enough, no valley low enough, and no river wide enough to keep us from trying to find a steam generation system’s ‘fountain of youth’ and restore units to peak performance.
[image src="/assets/News/BW-in-Bangladesh-Babcock-Wilcox.jpeg" id="724" width="544" height="367" class="center ss-htmleditorfield-file image" alt="BW in Bangladesh Babcock Wilcox"]
In the fall of 2016, B&W was contacted to help a fertilizer plant in southeast Asia improve the performance of three industrial package boilers. State government-owned Chittagong Urea Fertilizer ...
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There’s no mountain high enough, no valley low enough, and no river wide enough to keep us from trying to find a steam generation system’s ‘fountain of youth’ and restore units to peak performance.
[image src="/assets/News/BW-in-Bangladesh-Babcock-Wilcox.jpeg" id="724" width="544" height="367" class="center ss-htmleditorfield-file image" alt="BW in Bangladesh Babcock Wilcox"]
In the fall of 2016, B&W was contacted to help a fertilizer plant in southeast Asia improve the performance of three industrial package boilers. State government-owned Chittagong Urea Fertilizer ...
B&W SPIG Awarded $18 Million Cooling Technologies Upgrade Contract
February 24, 2020
(AKRON, Ohio – February 24, 2020) – SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW), has been awarded a contract to provide cooling technologies and associated services for an industrial facility. The total contract value is more than $18 million over approximately 10 years.
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B&W Announces Comprehensive Debt Refinancing Agreement as Financial Performance Improves
February 3, 2020
- Provides $200 million commitment to fully refinance existing revolving credit facility
- Provides an initial $30 million of working capital
- Provides new $30 million revolving credit facility in May 2020
- New maturity date is January 2022
- Company expects fourth quarter 2019 results to significantly outperform the third quarter,with a return to positive GAAP consolidated operating income for the first time in 3 years
(AKRON, Ohio – February 3, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to comprehensivel...
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- Provides an initial $30 million of working capital
- Provides new $30 million revolving credit facility in May 2020
- New maturity date is January 2022
- Company expects fourth quarter 2019 results to significantly outperform the third quarter,with a return to positive GAAP consolidated operating income for the first time in 3 years
(AKRON, Ohio – February 3, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to comprehensivel...
B&W Continues To Work Toward Debt Refinancing
January 24, 2020
(AKRON, Ohio – January 24, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company continues to work toward refinancing its current senior debt and extending its maturity and, as a result, has entered into an Amendment to further extend the deadline for completing certain required corporate actions in connection with the refinancing of its existing Credit Agreement. The deadline to complete these actions has been extended from January 20, 2020 to January 31, 2020. As previously disclosed, the Company is required to refinance by March 15, 2020.
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B&W SPIG Awarded Contract to Supply Cooling Tower to Polypropylene Plant in Poland
January 16, 2020
(PARUZZARO, Italy – January 16, 2020) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract for more than USD$1 million by Hyundai Engineering Co. to design and supply a seven-cell, fiberglass-reinforced plastic (FRP) cooling tower for a polypropylene manufacturing plant in Poland.
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B&W Subsidiary Awarded Retrofit Boiler Equipment Installation Contract for U.S. Power Plant
January 16, 2020
(AKRON, Ohio – January 16, 2020) – Babcock & Wilcox Construction Co., LLC (BWCC), a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has been awarded a contract for more than $5 million to install retrofit boiler equipment at a U.S. coal-fired power plant.
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B&W Announces Key Step Toward Debt Refinancing
January 7, 2020
Company has entered negotiations with lenders for comprehensive refinancing (AKRON, Ohio – January 7, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to extend the deadline to take certain required corporate actions related to refinancing from January 10, 2020 to January 20, 2020 and to maintain the current sublimit on borrowing under the company’s revolving credit facility portion of the Agreement. As previously disclosed, the Company is required to refinance by March 15, 2020. B&W is in broader negotiations...
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Babcock & Wilcox Moves World Headquarters to Akron, Ohio
December 30, 2020
December 30, 2019
We’re excited to share that the world headquarters for The Babcock & Wilcox Company has moved from Barberton to Akron, Ohio, USA.
[image src="/assets/News/East-End-Headquarters2-Babcock-Wilcox.jpeg" id="726" width="421" height="280" class="center ss-htmleditorfield-file image" alt="East End Headquarters Babcock Wilcox"]
Come feel the energy at our new offices! We’re excited to offer convenient access to airports, hotels and dining options for visitors, and a dynamic work environment for our employees. We welcome the chance to connect with you.
The new addresses are:
Babco...
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We’re excited to share that the world headquarters for The Babcock & Wilcox Company has moved from Barberton to Akron, Ohio, USA.
[image src="/assets/News/East-End-Headquarters2-Babcock-Wilcox.jpeg" id="726" width="421" height="280" class="center ss-htmleditorfield-file image" alt="East End Headquarters Babcock Wilcox"]
Come feel the energy at our new offices! We’re excited to offer convenient access to airports, hotels and dining options for visitors, and a dynamic work environment for our employees. We welcome the chance to connect with you.
The new addresses are:
Babco...
Babcock & Wilcox Announces Renewal of Maintenance Contract for New Mexico Power Plant
December 27, 2019
(BARBERTON, Ohio – December 27, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), has received a contract renewal valued at more than $4 million to provide maintenance services for Public Service Company of New Mexico’s (PNM) San Juan Generating Station in 2020.
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B&W Subsidiary to Supply Sootblowers for Power Plants in Asia
December 27, 2019
(BARBERTON, Ohio – December 27, 2019) – Babcock & Wilcox Enterprises, Inc.’s (NYSE: BW) (B&W) Scotland-based subsidiary, Diamond Power Specialty Limited (DPSL), has been awarded two contracts to supply sootblowers and furnace cleaning systems for two coal-fired power plants under construction in Asia. The combined value of these contracts is more than $4 million.
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