07:28 AM EDT, 06/05/2025 (MT Newswires) -- Babcock & Wilcox Enterprises ( BW ) said Thursday it launched cash tender offers to repurchase up to $70 million of its 8.125% senior notes due February 2026 and 6.50% senior notes due December 2026.

The tender offers will expire on July 11, unless extended or terminated early, the company said.

Investors who tender and do not withdraw their notes by the deadline will receive the tender consideration, plus accrued interest up to the settlement date, which is expected to be July 14, it added.

Babcock said the offers are conditioned on the closing of its planned sale of Diamond Power International and related assets to affiliates of Andritz AG, and the receipt of sufficient proceeds to fund the repurchase.