Babcock & Wilcox expects to unveil refinancing agreement by May 15

By Rebecca Melvin

New York, May 12 – Babcock & Wilcox Enterprises Inc. is nearing completion of a debt refinancing agreement, which is expected to be announced by the May 15 deadline under its current amended credit agreement, according to a company release on Tuesday.

The company and its lenders are in the process of finalizing a definitive agreement for a longer-term credit extension, according to the release.

The credit agreement was amended requiring the refinance in January.

London-based Babcock provides support services to military and civilian customers.

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