Heavier new issuance to test market resolve, muni/UST ratios fall bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
California leads muni calendar with $1.8B bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
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Babcock & Wilcox Enterprises Announces Pricing of $155 Million Offerings of Senior Notes Due 2026
February 11, 2021 GMT
AKRON, Ohio (BUSINESS WIRE) Feb 10, 2021
Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced that on February 10, 2021 it priced an underwritten public offering of $120 million aggregate principal amount of 8.125% senior notes due 2026. B&W has granted the underwriters a 30-day option to purchase up to an additional $5 million aggregate principal amount of senior notes in connection with the offering. The offering is expected to close on February 12, 2021, subject to customary closing conditions.
City: Bond sales yield taxpayer savings
The city of Amarillo is touting recent efforts to secure favorable interest rates that they said equates to saving taxpayer dollars. Officials said the endeavor includes approximately $16 million in debt service savings on the 2016 voter-approved bonds - from what was originally estimated when the propositions were presented to voters. It s been a great year for us as far as debt issuances go, Assistant City Manager Laura Storrs said during a presentation before the Amarillo City Council at Tuesday s virtual regular session. We have been able to secure some really favorable interest rates that save our taxpayers a lot of money.