Babcock & Wilcox Enterprises Inc.

Commenced an underwritten registered public offering of shares of its Series A cumulative perpetual preferred stock, par value $0.01 per share with a liquidation preference of $25 per share. Underwriters expected to be granted a 30-day option to purchase additional shares of the preferred stock. Proceeds will be used for general corporate purposes, including clean energy growth initiatives, potential future acquisitions and reduction of net leverage. B. Riley Securities Inc. is lead book-running manager. D.A. Davidson & Co., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., National Securities Corp. and William Blair & Co. are joint book-running managers. Kingswood Capital Markets, division of Benchmark Investments Inc., is lead manager. Aegis Capital Corp., Boenning & Scattergood Inc., Huntington Securities Inc., Incapital LLC and Wedbush Securities Inc. are acting co-managers.