Babcock & Wilcox Enterprises Inc. has entered into the Eighth Amendment to its existing Credit Agreement with Axos Bank and other lenders, as announced on July 3, 2025. This amendment allows the company to temporarily increase borrowing limits based on inventory and reduce the PBGC Reserve by $3 million until September 15, 2025, or upon the disposition of material assets. The agreement requires the company to use proceeds from the Diamond Power Disposition to repay a $3 million PBGC installment and a $48.3 million repayment of revolving loans, with any remaining funds to be used for working capital and other corporate purposes.
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