Babcock & Wilcox Enterprises Inc. (NYSE: BW) announced an underwritten public offering of $200 million of its common stock. The company plans to grant underwriters a 30-day option to purchase up to an additional 15% of the shares sold in the offering.

The Akron, Ohio-based energy company intends to use net proceeds to prepay amounts under its Credit Agreement and subsequently reborrow funds for project-related capital and working capital needs. The funds will support steam turbine and boiler production capacity, growth initiatives including AI data center power generation projects and BrightLoop technology commercialization, potential acquisitions of aftermarket or other energy businesses, balance sheet strengthening and general corporate purposes.

B. Riley Securities serves as lead book-running manager, with Craig-Hallum and Lake Street Capital Markets acting as joint book-running managers for the offering.

The shares will be offered under the company's shelf registration statement on Form S-3, declared effective by the Securities and Exchange Commission on April 8, 2025. The offering will be made through a preliminary prospectus supplement dated May 14, 2026, and accompanying base prospectus dated April 8, 2025.

The offering remains subject to market and other conditions, with no assurance regarding completion timing or final terms. The company noted that the press release does not constitute an offer to sell securities.