Babcock & Wilcox establishes $200 million stock sales program

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) entered into a sales agreement that allows the company to sell up to $200 million of its common stock from time to time, according to a company statement.

The agreement involves B. Riley Securities, Inc. and Lake Street Capital Markets, LLC as agents for the stock sales program. The common stock has a par value of $0.01 per share.

The sales will be conducted through a prospectus supplement under the established agreement structure.

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