巴布科克和威尔科克斯新闻

• 公司已与贷方就全面再融资进行谈判 

（俄亥俄州阿克伦- 2020年1月7日）- Babcock & 威尔科克斯 Enterprises, Inc.（纽约证券交易所代码：BW） （B&W）今天宣布，公司已修改其信贷协议，将采取与2020年1月10日至2020年1月20日相关的某些必要公司行动的截止日期延长，并维持该协议中公司循环信贷额度部分的当前借款限额。如前所述，公司需要在2020年3月15日之前进行再融资。B&W正在与债权人进行更广泛的谈判，以对当前的优先债务进行再融资，并延长到期期限，预计将于2020年1月20日或之前完成。

“这项临时修正案是朝着加快全面债务再融资迈出的第一步。在B. Riley FBR, Inc.和我们现有的高级贷款辛迪加的帮助下，我们预计将在2020年1月20日之前进一步修改我们的信贷协议，远远早于2020年3月15日的要求，”B&W首席执行官Kenneth Young表示。“我们很高兴我们的贷款人认识到我们通过扭亏为的努力所取得的势头，以及我们利用技术和核心业务所拥有的机会。我们期待最终达成一项协议，为公司的债务提供长期重组，这是公司在2019年第二季度和第三季度恢复盈利后的关键一步，也是我们在核心市场和客户中的优势地位。我们预计2019年第四季度的财务业绩将继续表现出这种优势，并为我们2020年的目标提供进一步的信心。”

Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the timing and terms of further anticipated amendments to our Credit Agreement, our expected 2019 financial results and our ability to satisfy our 2020 objectives. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, our ability to continue as a going concern; our recognition of any asset impairments as a result of any decline in the value of our assets or our efforts to dispose of any assets in the future; our ability to obtain and maintain sufficient financing to provide liquidity to meet our business objectives, surety bonds, letters of credit and similar financing; our ability to satisfy or obtain waivers of the requirements under the Credit Agreement, as amended; our ability to refinance the Credit Agreement in a timely manner, if at all; our ability to obtain waivers of required pension contributions; the highly competitive nature of our businesses; general economic and business conditions, including changes in interest rates and currency exchange rates; cancellations of and adjustments to backlog and the resulting impact from using backlog as an indicator of future earnings; our ability to perform contracts on time and on budget, in accordance with the schedules and terms established by the applicable contracts with customers; failure by third-party subcontractors, partners or suppliers to perform their obligations on time and as specified; our ability to successfully resolve claims by vendors for goods and services provided and claims by customers for items under warranty; our ability to realize anticipated savings and operational benefits from our restructuring plans, and other cost-savings initiatives; our ability to successfully address productivity and schedule issues in our Vølund and Other Renewable segment, including the ability to complete our European EPC projects within the expected time frame and the estimated costs; our ability to successfully partner with third parties to win and execute contracts within our Vølund and Other Renewable segment; changes in our effective tax rate and tax positions, including any limitation on our ability to use our net operating loss carryforwards and other tax assets; our ability to maintain operational support for our information systems against service outages and data corruption, as well as protection against cyber-based network security breaches and theft of data; our ability to protect our intellectual property and renew licenses to use intellectual property of third parties; our use of the percentage-of-completion method of accounting to recognize revenue over time; our ability to successfully manage research and development projects and costs, including our efforts to successfully develop and commercialize new technologies and products; the operating risks normally incident to our lines of business, including professional liability, product liability, warranty and other claims against us; changes in, or our failure or inability to comply with, laws and government regulations; actual or anticipated changes in governmental regulation, including trade and tariff policies; difficulties we may encounter in obtaining regulatory or other necessary permits or approvals; changes in, and liabilities relating to, existing or future environmental regulatory matters; changes in actuarial assumptions and market fluctuations that affect our net pension liabilities and income; potential violations of the Foreign Corrupt Practices Act; the loss of key personnel and the continued availability of qualified personnel; our ability to negotiate and maintain good relationships with labor unions; changes in pension and medical expenses associated with our retirement benefit programs; social, political, competitive and economic situations in foreign countries where we do business or seek new business; the possibilities of war, other armed conflicts or terrorist attacks; the willingness of customers and suppliers to continue to do business with us on reasonable terms and conditions; and our ability to successfully consummate strategic alternatives for non-core assets, if we determine to pursue them. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

About B&W
Headquartered in Akron, Ohio, Babcock & 威尔科克斯 is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @Babcock威尔科克斯 and learn more at www.babcock.com.