Babcock & Wilcox Enterprises Completes Full Redemption of 2026 Notes
Babcock & Wilcox announced the full redemption of its 6.50% Senior Notes due 2026, paying off the entire $61.4 million principal amount plus accrued interest. CFO Cameron Frymyer noted that the move reflects progress in strengthening the company's financial position, resulting in its strongest balance sheet in recent history.
Key figures
- Coupon rate
- 6.50%
- Redemption price
- 100% of principal plus accrued and unpaid interest
- Principal amount redeemed
- $61.4 million
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