Power gen E&C turnaround at 6.4x EBITDA just cut debt by 43%
Wow, you nailed this one. Wish I had come across your blog sooner. Congrats!
Also have $193 mil pension deficit
Sizable for such a small company! I typically don’t include these in EV calculation unless serious burdensome cash flows expected. Will have to look at anticipated contributions in their filings.
very nice analysis
Bad news = underwhelming results of baby bond tender (only ~$8m of $70m authorized)
Good news = debt buyback plan authorized up to full remaining principal balances
https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-results-of-its-cash-tender-offers-for-two-series-of-notes
https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-new-debt-repurchase-authorization
Presume you aren't participating in the BB tenders? Enjoyed the analysis!
Correct... both look like good r/r here!
Wow, you nailed this one. Wish I had come across your blog sooner. Congrats!
Also have $193 mil pension deficit
Sizable for such a small company! I typically don’t include these in EV calculation unless serious burdensome cash flows expected. Will have to look at anticipated contributions in their filings.
very nice analysis
Bad news = underwhelming results of baby bond tender (only ~$8m of $70m authorized)
Good news = debt buyback plan authorized up to full remaining principal balances
https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-results-of-its-cash-tender-offers-for-two-series-of-notes
https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-new-debt-repurchase-authorization
Presume you aren't participating in the BB tenders? Enjoyed the analysis!
Correct... both look like good r/r here!