Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that it priced an underwritten registered public offering of 25,641,026 shares of its common stock at a price to the public of $5.85 per share (the "Offering"), for gross proceeds of approximately $150 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company has granted the underwriter a 30-day option to purchase up to an additional 3,846,154 of its common stock sold in the proposed offering at the public offering price, less underwriting discounts and commissions. The offering is expected to close on February 12, 2021, subject to customary closing conditions.

Babcock & Wilcox企业有限公司(“黑与白”或“公司”)(NYSE: BW)宣布价格承销注册公开发行25641026股普通股的每股5.85美元的价格向公众(“提供”),总收入约1.5亿美元,之前扣除承销折扣和佣金和估计提供费用由公司支付。该公司已授予承销商30天期权，允许其以公开发行价格，减少承销折扣和佣金，再购买至多3,846,154只拟议发行的普通股。此次发行预计将于2021年2月12日结束，具体时间取决于惯例的结束条件。

B&W intends to use the net proceeds of the offering to support clean energy growth initiatives and to substantially pay down its revolving credit facility.

B&W打算利用此次发行的净收益支持清洁能源增长计划，并大幅偿还其循环信贷安排。

B. Riley Securities, Inc., is serving as the lead book-running manager for the offering. D.A. Davidson & Co. and Janney Montgomery Scott are acting as joint book-running managers for the offering. Lake Street Capital Markets, LLC and National Securities Corporation are acting as co-managers for the offering.

B. Riley Securities, Inc.，担任此次发行的主要簿记运营经理。D.A. Davidson & Co.和詹尼•蒙哥马利•斯科特(Janney Montgomery Scott)将共同担任此次ipo的簿册管理经理。湖街资本市场有限责任公司(Lake Street Capital Markets, LLC)和国家证券公司(National Securities Corporation)将担任此次ipo的联席经理。

The shares of common stock will be offered under the Company's shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission ("SEC") on February 13, 2020. The offering will be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the SEC. Copies of the preliminary 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 by telephone at (703) 312-9580, or by email at prospectuses@brileyfin.com. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC.

普通股将根据公司在表格S-3上的货架注册声明发售，该声明已于2020年2月13日由美国证券交易委员会(“SEC”)宣布生效。提供将只通过招股说明书补充招股说明书和相应的基地,将向美国证交会提交。初步招股说明书补充的副本和随行基招股说明书提供可以获得美国证券交易委员会的网站www.sec.gov,或者通过电话联系b·莱利证券(703)312 - 9580,或通过电子邮件:prospectuses@brileyfin.com。拟议发行的最终条款将在提交美国证券交易委员会的最终招股说明书补充中披露。

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.

本新闻稿中不构成要约出售或要约收购的恳求,也不得有任何出售这些证券在任何州或管辖权的提供,出售或教唆非法注册之前或资格的证券法下任何这样的状态或管辖。

Statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of the date of this press release. Such forward looking statements include, but are not limited to, statements regarding the Company's public offering of common stock and intended use of net proceeds. Factors that could cause such actual results to differ materially from those contemplated or implied by such forward-looking statements include, without limitation, the risks associated with the unpredictable and ongoing impact of the COVID-19 pandemic and other risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and B&W Enterprises cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

本新闻稿中的声明并非对历史事实的描述，而是基于管理层当前的预期和假设的前瞻性声明，且存在风险和不确定性。如果这些风险或不确定性成为现实，或这些假设被证明是不正确的，我们的业务、经营结果、财务状况和股票价格可能会受到重大的负面影响。您不应该过分依赖这些前瞻性的声明，这些声明是基于我们目前可获得的信息，并且只在本新闻稿发布日期发表。这些前瞻性声明包括但不限于，关于公司公开发行普通股和预期净收益用途的声明。等因素,可能导致实际结果不同物质的考虑或暗示,这些前瞻性陈述包括但不限于相关的风险的不可预知的和持续的影响COVID-19不时流行和其他风险描述公司的定期与美国证券交易委员会文件,包括但不限于公司的年度报告中描述的风险形式的10 - k截至12月31日2019年以及截至2020年3月31日、2020年6月30日和2020年9月30日的季度报表10-Q，标题为“风险因素”和“管理层对财务状况和经营结果的讨论和分析”(如适用)。这些因素应该考虑仔细了,黑与白企业警告不要过度依赖这些前瞻性陈述,这只能说这个版本的日期,并进行没有义务更新或修改任何前瞻性声明,除非适用法律所要求的程度。

About Babcock & Wilcox Enterprises

关于Babcock & Wilcox企业

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a global leader in energy and environmental technologies and services for the power and industrial markets.

Babcock & Wilcox企业总部位于俄亥俄州阿克伦市，是电力和工业市场能源和环境技术和服务的全球领导者。