India, June 5 -- Babcock & Wilcox Enterprises, Inc. (NBW) has announced the launch of a cash tender offer to repurchase up to $70 million in aggregate Tender Consideration of its outstanding 2026 Senior Notes.
The offer applies to two series of notes and is part of the company's ongoing strategy to reduce debt and improve its capital structure.
The tender offer includes the company's 8.125 percent Senior Notes due February 2026, identified by CUSIP number 05614L 308, for which Babcock & Wilcox is offering $109.02 per $25 principal amount.
The outstanding principal amount for this series is approximately $20 million. It also includes the 6.50 percent Senior Notes due December 2026, with CUSIP number 05614L 506, offered at $103.63 per $25 ...