Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE:BW) announced the commencement of an underwritten public offering of $200 million of its common stock (the "Offering"). The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of its common stock sold in the proposed offering. All of the shares in the Offering are being offered by B&W. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.