<p>俄亥俄州阿克伦 --（商业资讯）-- 巴布科克威尔科克企业公司（“B&amp;W” 或 “公司”）（纽约证券交易所代码：BW）今天宣布完成其之前宣布的公开承销 12,432,432 股普通股的交易，公众发行价格为每股 18.50 美元（“发行”）。在此次发行中出售的 12,432,432 股普通股反映了承销商完全行使其购买额外 1,621,621 股普通股的选择权，价格为公开发行价，扣除承销折扣和佣金。公司在扣除承销折扣和佣金及预计的发行费用之前，获得了约 2.3 亿美元的总收益。</p>
<p>公司打算将此次发行的净收益用于提前偿还其信贷协议下的未偿还金额，随后在其信贷协议下重新借入这些金额，并将任何重新借入的金额用于资助与项目相关的资本和营运资金需求，以影响蒸汽涡轮机和锅炉的生产能力，支持增长计划，包括人工智能数据中心发电项目和 BrightLoopTM 技术商业化，潜在收购售后或其他能源业务，增强公司的资产负债表以及一般企业用途。</p>
<p>此次发行得到了机构和战略投资者的参与，包括应用数字公司（“Applied Digital”），该公司以公开发行价格购买了约 540,500 股。应用数字公司的董事长兼首席执行官韦斯·卡明斯（Wes Cummins）评论道：“我们很高兴在此次交易中支持巴布科克威尔科克。我们相信公司在满足支持人工智能和高性能计算应用的电力基础设施日益增长的需求方面处于良好位置，我们期待参与其持续增长的机会。”</p>
<p>B. Riley Securities 担任此次发行的主承销经理。Craig-Hallum 和 Lake Street Capital Markets 担任此次发行的联合承销经理。Northland Capital Markets 担任此次发行的共同经理。</p>
<p>普通股的发行是在公司于 2025 年 4 月 8 日获得美国证券交易委员会（“SEC”）批准的 S-3 表格的货架注册声明下进行的。此次发行仅通过与 SEC 提交的招股说明书补充和基础招股说明书进行。有关此次发行的招股说明书补充和基础招股说明书的副本可以在 SEC 的网站 www.sec.gov 上获取，或通过电话 703-312-9580 联系 B. Riley Securities, Inc.，地址为 1655 Fort Myer Drive, Suite 1200, Arlington, Virginia 22209，注意：承销招股说明书部门，或通过电子邮件联系 prospectuses@brileysecurities.com。</p>
<p>本新闻稿不构成出售证券的要约或购买证券的要约邀请，也不应在任何州或司法管辖区内进行这些证券的销售，若在任何此类州或司法管辖区内的证券法规定下，进行此类要约、销售或邀请将是非法的。</p>
<p><strong>前瞻性声明</strong></p>
<p>本新闻稿包含 1995 年《私人证券诉讼改革法》意义上的前瞻性声明。除历史或当前事实声明外，本声明中包含的所有声明均为前瞻性声明。这些前瞻性声明包括但不限于关于公司打算使用此次发行的净收益的声明。您不应对这些声明过度依赖。前瞻性声明包括诸如 “预计”、“打算”、“计划”、“可能”、“寻求”、“相信”、“项目”、“预测”、“目标”、“潜力”、“估计”、“可能”、“或许”、“将”、“会”、“应该”、“能够”、“有”、“由于”、“预期”、“假设”、“考虑”、“继续” 等词语及与未来运营表现或其他事件的时间或性质相关的其他类似含义的词语和术语。</p>
<p>本文件中包含的前瞻性声明仅在此日期有效。我们没有义务因新信息、未来事件或其他原因而公开更新或修订任何前瞻性声明，法律要求的情况除外。这些前瞻性声明基于管理层当前的预期，并涉及多种风险和不确定性，包括但不限于：可能出现的进一步情况，这可能会对我们作为持续经营实体的能力产生重大怀疑，这在过去曾发生过；我们有义务在到期之前为 2026 年到期的 6.50% 高级票据进行再融资或偿还；与我们行业内合同定价相关的风险；与长期合同客户的争议；我们所依赖的第三方和分包商的表现；我们或第三方制造设施的中断；我们执行增长战略的能力；我们对战略选择的评估；我们按时或根本交付积压订单的能力；专业责任、产品责任、保修或其他索赔；保险覆盖不足；我们与当前和未来竞争对手成功竞争的能力；我们新产品的开发；周期性和经济因素对我们产品需求的影响；遵守政府法规；影响我们业务的立法和监管发展；供应链问题；我们债务协议中的财务和其他契约；我们维持足够的担保和信用证能力的能力；对我们的商誉或其他无限期无形资产的减值；我们面临的信用风险；我们信息技术系统的中断或故障，包括与网络安全相关的系统；未能遵守数据和隐私法律、法规和标准，或未能妥善维护我们数据的完整性，保护我们系统的专有权利或抵御网络安全攻击，可能会因违规而面临政府或私人行动；未能保护我们的知识产权，或无法获得或续订使用第三方知识产权的许可；关税及其影响的不确定性；制裁和出口管制；国际政治、经济及其他不确定性；外币价值波动可能损害我们的盈利能力；我们普通股的市场价格和交易量的波动；普通股股东的所有权或投票权的稀释；BRC Group Holdings, Inc. 对我们的重大影响；我们公司文件中的反收购条款；税率或税法的变化；我们使用净经营亏损和某些税收抵免的能力；未能维持有效的财务报告内部控制；新的会计公告或现有会计标准和实践的变化；我们吸引和维持关键人员的能力；我们与工会的关系；与退休福利相关的养老金和医疗费用；自然灾害或其他超出我们控制的事件；以及在我们年度报告的第 10-K 表格第一部分第 1A 项和季度报告的第 10-Q 表格第二部分第 1A 项标题为 “风险因素” 下描述的风险和不确定性，这些风险因素可能会不时被我们向 SEC 提交的其他报告修订、补充或取代。</p>
<p>这些前瞻性声明是基于详细假设作出的，反映了管理层当前的预期和信念。虽然我们相信这些前瞻性声明所依据的假设是合理的，但前瞻性声明受到与我们运营和商业环境相关的不确定性和因素的影响，这些因素难以预测，可能超出我们的控制。这些不确定性和因素可能导致实际结果与前瞻性声明中表达或暗示的结果存在重大差异。</p>
<p><strong><em>关于 Babcock &amp; Wilcox Enterprises</em></strong></p>
<p><em>Babcock &amp; Wilcox Enterprises, Inc. 总部位于俄亥俄州阿克伦，是全球电力和工业市场能源及环境产品和服务的领导者。请在 LinkedIn 上关注我们，并访问 babcock.com 了解更多信息。</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjA1MTg2NjgxMzhyMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjA1MTg2NjgxMzhyMQ"/></p>
<p>在 businesswire.com 查看源版本：https://www.businesswire.com/news/home/20260518668138/en/</p>
<p><strong>投资者联系：</strong></p>
<p>Cameron Frymyer，首席财务官</p>
<p>Babcock &amp; Wilcox Enterprises, Inc.</p>
<p>330.860.6176 | investors@babcock.com</p>
<p><strong>媒体联系：</strong></p>
<p>Ryan Cornell，公共关系负责人</p>
<p>Babcock &amp; Wilcox Enterprises, Inc.</p>
<p>330.860.1345 | rscornell@babcock.com</p>
<p>来源：Babcock &amp; Wilcox Enterprises, Inc.</p>

<p>Babcock & Wilcox Enterprises, Inc. 已完成其 12,432,432 股普通股的公开发行，发行价格为每股 18.50 美元，筹集了约 2.3 亿美元。筹集的资金将用于提前偿还其信贷协议下的款项、满足资本需求、支持增长计划以及增强资产负债表。包括 Applied Digital Corporation 在内的机构投资者参与了此次发行。该股票是在公司的货架注册声明下发行的</p>

<p>AKRON, Ohio--(BUSINESS WIRE)--Babcock &amp; Wilcox Enterprises, Inc. (“B&amp;W” or the “Company”) (NYSE: BW) announced today the closing of its previously announced underwritten public offering of 12,432,432 shares of its common stock at a price to the public of $18.50 per share (the “Offering”). The 12,432,432 shares of common stock sold in the Offering reflect the full exercise by the underwriters of their option to purchase up to an additional 1,621,621 shares of common stock at the public offering price, less underwriting discounts and commissions. The Company received gross proceeds of approximately $230 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.</p>
<div class="lb-trans"><p>俄亥俄州阿克伦 --（商业资讯）-- 巴布科克威尔科克企业公司（“B&amp;W” 或 “公司”）（纽约证券交易所代码：BW）今天宣布完成其之前宣布的公开承销 12,432,432 股普通股的交易，公众发行价格为每股 18.50 美元（“发行”）。在此次发行中出售的 12,432,432 股普通股反映了承销商完全行使其购买额外 1,621,621 股普通股的选择权，价格为公开发行价，扣除承销折扣和佣金。公司在扣除承销折扣和佣金及预计的发行费用之前，获得了约 2.3 亿美元的总收益。</p>
</div><p>The Company intends to use the net proceeds of the Offering to prepay amounts outstanding under its Credit Agreement and subsequently reborrow such amounts under its Credit Agreement and use any such reborrowed amounts to fund project-related capital and working capital needs to influence steam turbine and boiler production capacity, support growth initiatives, including AI data center power generation projects and BrightLoopTM technology commercialization, potential acquisitions of aftermarket or other energy businesses, strengthen the Company’s balance sheet and for general corporate purposes.</p>
<div class="lb-trans"><p>公司打算将此次发行的净收益用于提前偿还其信贷协议下的未偿还金额，随后在其信贷协议下重新借入这些金额，并将任何重新借入的金额用于资助与项目相关的资本和营运资金需求，以影响蒸汽涡轮机和锅炉的生产能力，支持增长计划，包括人工智能数据中心发电项目和 BrightLoopTM 技术商业化，潜在收购售后或其他能源业务，增强公司的资产负债表以及一般企业用途。</p>
</div><p>The Offering included participation from institutional and strategic investors, including Applied Digital Corporation (“Applied Digital”), which purchased approximately 540,500 shares at the public offering price. Wes Cummins, Chairman and Chief Executive Officer of Applied Digital, commented, “We are pleased to support Babcock &amp; Wilcox in this transaction. We believe the Company is well positioned to capitalize on growing demand for power infrastructure supporting AI and high-performance computing applications, and we look forward to the opportunity to participate in its continued growth.”</p>
<div class="lb-trans"><p>此次发行得到了机构和战略投资者的参与，包括应用数字公司（“Applied Digital”），该公司以公开发行价格购买了约 540,500 股。应用数字公司的董事长兼首席执行官韦斯·卡明斯（Wes Cummins）评论道：“我们很高兴在此次交易中支持巴布科克威尔科克。我们相信公司在满足支持人工智能和高性能计算应用的电力基础设施日益增长的需求方面处于良好位置，我们期待参与其持续增长的机会。”</p>
</div><p>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 Offering. Northland Capital Markets acted as co-manager for the Offering.</p>
<div class="lb-trans"><p>B. Riley Securities 担任此次发行的主承销经理。Craig-Hallum 和 Lake Street Capital Markets 担任此次发行的联合承销经理。Northland Capital Markets 担任此次发行的共同经理。</p>
</div><p>The shares of common stock were offered under the Company’s shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission (“SEC”) on April 8, 2025. The Offering was made only by means of a prospectus supplement and accompanying base prospectus, which were filed with the SEC. Copies of the prospectus supplement and the accompanying base prospectus for the Offering may be obtained on the SEC’s website at www.sec.gov, or by contacting B. Riley Securities, Inc. at 1655 Fort Myer Drive, Suite 1200, Arlington, Virginia 22209, Attention: Syndicate Prospectus Department, by telephone at 703-312-9580 or by email at prospectuses@brileysecurities.com.</p>
<div class="lb-trans"><p>普通股的发行是在公司于 2025 年 4 月 8 日获得美国证券交易委员会（“SEC”）批准的 S-3 表格的货架注册声明下进行的。此次发行仅通过与 SEC 提交的招股说明书补充和基础招股说明书进行。有关此次发行的招股说明书补充和基础招股说明书的副本可以在 SEC 的网站 www.sec.gov 上获取，或通过电话 703-312-9580 联系 B. Riley Securities, Inc.，地址为 1655 Fort Myer Drive, Suite 1200, Arlington, Virginia 22209，注意：承销招股说明书部门，或通过电子邮件联系 prospectuses@brileysecurities.com。</p>
</div><p>This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>
<div class="lb-trans"><p>本新闻稿不构成出售证券的要约或购买证券的要约邀请，也不应在任何州或司法管辖区内进行这些证券的销售，若在任何此类州或司法管辖区内的证券法规定下，进行此类要约、销售或邀请将是非法的。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性声明</strong></p>
</div><p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this release are forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Company’s intended use of net proceeds from the Offering. You should not place undue reliance on these statements. Forward-looking statements include words such as “expect,” “intend,” “plan,” “likely,” “seek,” “believe,” “project,” “forecast,” “target,” “goal,” “potential,” “estimate,” “may,” “might,” “will,” “would,” “should,” “could,” “can,” “have,” “due,” “anticipate,” “assume,” “contemplate,” “continue” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational performance or other events.</p>
<div class="lb-trans"><p>本新闻稿包含 1995 年《私人证券诉讼改革法》意义上的前瞻性声明。除历史或当前事实声明外，本声明中包含的所有声明均为前瞻性声明。这些前瞻性声明包括但不限于关于公司打算使用此次发行的净收益的声明。您不应对这些声明过度依赖。前瞻性声明包括诸如 “预计”、“打算”、“计划”、“可能”、“寻求”、“相信”、“项目”、“预测”、“目标”、“潜力”、“估计”、“可能”、“或许”、“将”、“会”、“应该”、“能够”、“有”、“由于”、“预期”、“假设”、“考虑”、“继续” 等词语及与未来运营表现或其他事件的时间或性质相关的其他类似含义的词语和术语。</p>
</div><p>The forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, but not limited to: the potential for further conditions that could raise substantial doubt as to our ability to continue as a going concern, which has occurred in the past; our obligation to refinance or repay our 6.50% Senior Notes due 2026 prior to their maturity; risks associated with contractual pricing in our industry; disputes with customers with long-term contracts; the performance of third parties and subcontractors on whom we rely; disruptions at our or third-party manufacturing facilities; our ability to execute our growth strategy; our evaluation of strategic alternatives; our ability to deliver our backlog on time or at all; professional liability, product liability, warranty or other claims; inadequate insurance coverage; our ability to compete successfully against current and future competitors; our development of new products; cyclical and economic impacts on demand for our products; compliance with government regulations; legislative and regulatory developments impacting our business; supply chain issues; the financial and other covenants in our debt agreements; our ability to maintain adequate bonding and letter of credit capacity; impairment to our goodwill or other indefinite-lived intangible assets; our exposure to credit risk; disruptions in, or failures of, our information technology systems, including those related to cybersecurity; failure to comply with data and privacy laws, regulations and standards, or if we fail to properly maintain the integrity of our data, protect our proprietary rights to our systems or defend against cybersecurity attacks, we may be subject to government or private actions due to breaches; failure to protect our intellectual property rights, or inability to obtain or renew licenses to use intellectual property of third parties; uncertainty over tariffs and their impacts; sanctions and export controls; international political, economic and other uncertainties; fluctuations in the value of foreign currencies could harm our profitability; volatility of the market price and trading volume of our common stock; dilution of our common shareholders' ownership or voting power; the significant influence of BRC Group Holdings, Inc. over us; anti-takeover provisions in our corporate documents; changes in tax rates or tax law; our ability to use net operating losses and certain tax credits; failure to maintain effective internal control over financial reporting; new accounting pronouncements or changes in existing accounting standards and practices; our ability to attract and maintain key personnel; our relationship with labor unions; pension and medical expenses associated with our retirement benefits; natural disasters or other events beyond our control; and the risks and uncertainties described under the heading “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K and Part II, Item 1A of our Quarterly Reports on Form 10-Q as such risk factors may be amended, supplemented, or superseded from time to time by other reports we file with the SEC.</p>
<div class="lb-trans"><p>本文件中包含的前瞻性声明仅在此日期有效。我们没有义务因新信息、未来事件或其他原因而公开更新或修订任何前瞻性声明，法律要求的情况除外。这些前瞻性声明基于管理层当前的预期，并涉及多种风险和不确定性，包括但不限于：可能出现的进一步情况，这可能会对我们作为持续经营实体的能力产生重大怀疑，这在过去曾发生过；我们有义务在到期之前为 2026 年到期的 6.50% 高级票据进行再融资或偿还；与我们行业内合同定价相关的风险；与长期合同客户的争议；我们所依赖的第三方和分包商的表现；我们或第三方制造设施的中断；我们执行增长战略的能力；我们对战略选择的评估；我们按时或根本交付积压订单的能力；专业责任、产品责任、保修或其他索赔；保险覆盖不足；我们与当前和未来竞争对手成功竞争的能力；我们新产品的开发；周期性和经济因素对我们产品需求的影响；遵守政府法规；影响我们业务的立法和监管发展；供应链问题；我们债务协议中的财务和其他契约；我们维持足够的担保和信用证能力的能力；对我们的商誉或其他无限期无形资产的减值；我们面临的信用风险；我们信息技术系统的中断或故障，包括与网络安全相关的系统；未能遵守数据和隐私法律、法规和标准，或未能妥善维护我们数据的完整性，保护我们系统的专有权利或抵御网络安全攻击，可能会因违规而面临政府或私人行动；未能保护我们的知识产权，或无法获得或续订使用第三方知识产权的许可；关税及其影响的不确定性；制裁和出口管制；国际政治、经济及其他不确定性；外币价值波动可能损害我们的盈利能力；我们普通股的市场价格和交易量的波动；普通股股东的所有权或投票权的稀释；BRC Group Holdings, Inc. 对我们的重大影响；我们公司文件中的反收购条款；税率或税法的变化；我们使用净经营亏损和某些税收抵免的能力；未能维持有效的财务报告内部控制；新的会计公告或现有会计标准和实践的变化；我们吸引和维持关键人员的能力；我们与工会的关系；与退休福利相关的养老金和医疗费用；自然灾害或其他超出我们控制的事件；以及在我们年度报告的第 10-K 表格第一部分第 1A 项和季度报告的第 10-Q 表格第二部分第 1A 项标题为 “风险因素” 下描述的风险和不确定性，这些风险因素可能会不时被我们向 SEC 提交的其他报告修订、补充或取代。</p>
</div><p>These forward-looking statements are made based upon detailed assumptions and reflect management’s current expectations and beliefs. While we believe that these assumptions underlying the forward-looking statements are reasonable, forward-looking statements are subject to uncertainties and factors relating to our operations and business environment that are difficult to predict and may be beyond our control. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by the forward-looking statements.</p>
<div class="lb-trans"><p>这些前瞻性声明是基于详细假设作出的，反映了管理层当前的预期和信念。虽然我们相信这些前瞻性声明所依据的假设是合理的，但前瞻性声明受到与我们运营和商业环境相关的不确定性和因素的影响，这些因素难以预测，可能超出我们的控制。这些不确定性和因素可能导致实际结果与前瞻性声明中表达或暗示的结果存在重大差异。</p>
</div><p><strong><em>About Babcock &amp; Wilcox Enterprises</em></strong></p>
<div class="lb-trans"><p><strong><em>关于 Babcock &amp; Wilcox Enterprises</em></strong></p>
</div><p><em>Headquartered in Akron, Ohio, Babcock &amp; Wilcox Enterprises, Inc., is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.</em></p>
<div class="lb-trans"><p><em>Babcock &amp; Wilcox Enterprises, Inc. 总部位于俄亥俄州阿克伦，是全球电力和工业市场能源及环境产品和服务的领导者。请在 LinkedIn 上关注我们，并访问 babcock.com 了解更多信息。</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjA1MTg2NjgxMzhyMQ" alt="" original-src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260518668138r1&amp;sid=acqr8&amp;distro=nx&amp;lang=en"/></p>
<p>View source version on businesswire.com: https://www.businesswire.com/news/home/20260518668138/en/</p>
<div class="lb-trans"><p>在 businesswire.com 查看源版本：https://www.businesswire.com/news/home/20260518668138/en/</p>
</div><p><strong>Investor Contact:</strong></p>
<div class="lb-trans"><p><strong>投资者联系：</strong></p>
</div><p>Cameron Frymyer, Chief Financial Officer</p>
<div class="lb-trans"><p>Cameron Frymyer，首席财务官</p>
</div><p>Babcock &amp; Wilcox Enterprises, Inc.</p>
<div class="lb-trans"><p>Babcock &amp; Wilcox Enterprises, Inc.</p>
</div><p>330.860.6176 | investors@babcock.com</p>
<div class="lb-trans"><p>330.860.6176 | investors@babcock.com</p>
</div><p><strong>Media Contact:</strong></p>
<div class="lb-trans"><p><strong>媒体联系：</strong></p>
</div><p>Ryan Cornell, Public Relations Lead</p>
<div class="lb-trans"><p>Ryan Cornell，公共关系负责人</p>
</div><p>Babcock &amp; Wilcox Enterprises, Inc.</p>
<div class="lb-trans"><p>Babcock &amp; Wilcox Enterprises, Inc.</p>
</div><p>330.860.1345 | rscornell@babcock.com</p>
<div class="lb-trans"><p>330.860.1345 | rscornell@babcock.com</p>
</div><p>Source: Babcock &amp; Wilcox Enterprises, Inc.</p>
<div class="lb-trans"><p>来源：Babcock &amp; Wilcox Enterprises, Inc.</p>
</div>

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