Corporate ActionJul 13, 2026, 07:16 AM
Babcock & Wilcox Authorizes $50M Buyback; Redeems $61.4M Senior Notes
AI Summary
Babcock & Wilcox Enterprises, Inc. announced that its Board of Directors authorized a share repurchase program of up to $50 million of its common stock, with repurchases expected to commence after the filing of its second-quarter 2026 Form 10-Q. Concurrently, the company issued a notice of redemption for all approximately $61.4 million aggregate principal amount outstanding of its 6.50% Senior Notes due 2026. The notes will be redeemed on August 13, 2026, at 100% of the principal amount plus any make-whole amount and accrued interest, after which no notes will remain outstanding.
Key Highlights
- Babcock & Wilcox authorized a share repurchase program of up to $50 million.
- Repurchases are expected to begin after the Q2 2026 Form 10-Q filing.
- The company will redeem all $61.4 million aggregate principal amount of its 6.50% Senior Notes due 2026.
- The redemption date for the notes is August 13, 2026.
- Notes will be redeemed at 100% of principal amount plus make-whole amount and accrued interest.
Price Impact
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