B&W closes common stock offering raising $230 million
The company will use net proceeds to prepay debt, fund AI data center projects, and potential acquisitions.
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Steam generation and clean power technology company
babcock.comLast updated
In short: B&W reported record first quarter 2026 earnings, secured a $2.4 billion AI data center project, and launched a $200 million public stock offering.
The company will use net proceeds to prepay debt, fund AI data center projects, and potential acquisitions.
The $200 million offering includes an over-allotment option. Net proceeds will be used for debt prepayment and growth initiatives.
Revenue rose 44% to $214.4M, Adjusted EBITDA increased 296% to $16.1M, and net debt reduced 87% to $42.4M.
The design–build contract will deliver 1.2 GW from four 300 MW gas‑fired boilers and steam turbine generators to supply Applied Digital AI Factory campuses; Siemens Energy will supply turbines.
B. Riley Securities served as the lead book-running manager for the Offering. Craig-Hallum and Lake Street Capital Markets acted as joint book-running managers for the...
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) between November...
The company said it intends to use the proceeds of the offering to prepay any outstanding amount under its credit agreement and then reborrow some...
About Babcock & Wilcox Enterprises Inc. Babcock & Wilcox Enterprises, Inc. engages in the provision of fossil and renewable power generation and environmental equipment. It...
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