Babcock & Wilcox to Webcast Discussion of Its First Quarter 2020 Results
Webcast on Friday, May 15, 2020 at 8 a.m. ET.
B&W Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company’s first quarter 2020 results. A news release detailing the results is expected to be issued after the market closes on Thursday, May 14, 2020. The listen-only audio of the conference call will be broadcast live via the Internet on B&W’s Investor Relations site.
The dial-in number for participants in the U.S. is (833) 513-0549; the dial-in number for participants outside the U.S. is (778) 560-2572. The conference ID for all participants is 2875408. A replay of this conference call will remain accessible in the investor relations section of the Company’s website for a limited time.
Babcock & Wilcox sees the financing finish line
Babcock & Wilcox (NYSE: BW) +4% premarket as it nears the completion of its financing process and finalizes a definitive agreement for a longer-term credit extension. The Bw stock at https://www.webull.com/newslist/nyse-bw company expects to make an announcement regarding its debt refinancing on or before the May 15, 2020 deadline under its current amended credit Agreement. B&W Completes Two-Year Financing Agreement and Credit Extension.
Credit for two years
Strengthens capital structure in support of the Company’s long-term operations
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W”) announced today that the Company has amended its Credit Agreement, which amendment replaces and supersedes the previously disclosed agreement to refinance the Company’s senior debt by May 15, 2020, among other things. Under the terms of the amended Credit Agreement, the Bw Stock Company’s current revolving credit facility and availability for letters of credit will be extended for two years with a maturity date of June 30, 2022. Revolving credit facility commitments over time. The proceeds from the last-out term loans are expected to be used to pay transaction fees and expenses, repay outstanding revolving credit facility borrowings, and to support working capital and general corporate purposes. In addition to the $65 million total of funding described above, B. Riley has also committed to making an additional $5 million in last-out term loans available at the Bw Stock Company’s request for working capital purposes.
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May 12, 2020 12:43 PM ETCBAY
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