Babcock & Wilcox Enters Material Definitive Agreement
Ticker: BW-PA · Form: 8-K · Filed: Jul 12, 2024 · CIK: 1630805
| Field | Detail |
|---|---|
| Company | Babcock & Wilcox Enterprises, INC. (BW-PA) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
B&W signed a big deal, details TBD.
AI Summary
Babcock & Wilcox Enterprises, Inc. entered into a material definitive agreement on July 11, 2024. The filing does not specify the nature of the agreement or any associated dollar amounts.
Why It Matters
This filing indicates a significant new contract or partnership for Babcock & Wilcox, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and implications of the agreement.
Key Players & Entities
- Babcock & Wilcox Enterprises, Inc. (company) — Registrant
- July 11, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Babcock & Wilcox Enterprises, Inc.?
The filing states that Babcock & Wilcox Enterprises, Inc. entered into a material definitive agreement on July 11, 2024, but does not provide specific details about the agreement itself.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on July 11, 2024.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 47-2783641.
In which state was Babcock & Wilcox Enterprises, Inc. incorporated?
Babcock & Wilcox Enterprises, Inc. was incorporated in Delaware.
What is the SEC file number for Babcock & Wilcox Enterprises, Inc.?
The SEC file number for Babcock & Wilcox Enterprises, Inc. is 001-36876.
Filing Stats: 536 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-07-12 16:52:13
Key Financial Figures
- $0.01 — e on which Registered Common stock, $0.01 par value per share BW New York Sto
Filing Documents
- tm2419359d1_8k.htm (8-K) — 30KB
- 0001104659-24-079581.txt ( ) — 256KB
- bw-20240711.xsd (EX-101.SCH) — 4KB
- bw-20240711_def.xml (EX-101.DEF) — 27KB
- bw-20240711_lab.xml (EX-101.LAB) — 37KB
- bw-20240711_pre.xml (EX-101.PRE) — 26KB
- tm2419359d1_8k_htm.xml (XML) — 8KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement Registration Rights Agreement On July 11, 2024, Babcock & Wilcox Enterprises, Inc. (the "Company") entered into a registration rights agreement (the "Registration Rights Agreement") with B. Riley Securities, Inc. ("B. Riley"). Pursuant to the Registration Rights Agreement, we have agreed to provide B. Riley with customary demand registration rights for all shares of our common stock they beneficially own, including any common stock issuable upon the exercise of any warrants that may be issued to them under the fee and reimbursement agreement, made by B. Riley and accepted and agreed to by the Company (the "Fee Agreement"). The Fee Agreement was entered into in connection with the guaranty agreement provided by B. Riley pursuant to the terms of the Company's previously disclosed Credit Agreement among the Company, its subsidiaries, and Axos Bank, as Administrative Agent, Swingline Lender and L/C Issuer, dated as of January 18, 2024.
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BABCOCK & WILCOX ENTERPRISES, INC. July 12, 2024 By: /s/ Louis Salamone Louis Salamone Executive Vice President and Chief Financial Officer (Principal Accounting Officer and Duly Authorized Representative)