Corporate ActionMay 18, 2026, 04:17 PM
Babcock & Wilcox Completes $200M Common Stock Offering
AI Summary
Babcock & Wilcox Enterprises, Inc. successfully completed its previously announced underwritten public offering of common stock on May 18, 2026. The company issued a total of 12,432,432 shares, which included the full exercise of the underwriters' option to purchase additional shares. Priced at $18.50 per share, the offering generated approximately $200 million in gross proceeds. The net proceeds are intended to prepay and reborrow under its Credit Agreement to fund project-related capital, working capital, growth initiatives like AI data center power generation and BrightLoopTM technology, potential acquisitions, and to strengthen the company's balance sheet.
Key Highlights
- Babcock & Wilcox Enterprises completed an underwritten public offering of common stock on May 18, 2026.
- The company issued a total of 12,432,432 shares of common stock.
- This total includes 1,621,621 shares from the full exercise of the underwriters' 30-day option.
- The offering was priced at $18.50 per share, generating gross proceeds of approximately $200 million.
- Net proceeds will be used to prepay and reborrow under its Credit Agreement for project capital and working capital.
- Funds will also support growth initiatives, including AI data center power generation and BrightLoopTM technology commercialization.
- Proceeds are also allocated for potential acquisitions of aftermarket or other energy businesses, balance sheet strengthening, and general corporate purposes.
Price Impact
More from BW