Babcock & Wilcox (NYSE:BW) priced an underwritten public offering $140 million aggregate principal amount of 6.50% senior notes due 2026 .
Proceeds to be used for general corporate purposes, which may include (without limitation) funding potential acquisitions, project-related capital and working capital, and to support clean energy growth initiatives.
The underwriters have been granted a 30-day option to purchase up to an additional $21M aggregate principal amount of senior notes.
The offering is expected to close on December 13, 2021.
Recently, the company's renewable segment secures $24M contract.
Babcock & Wilcox to raise $140M of senior notes due 2026
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| Symbol | Last Price | % Chg |
|---|---|---|
| BW | - | - |
| Babcock & Wilcox Enterprises, Inc. | ||