−Removed: The following table provides the primary segment, location and general use of each of our principal properties that we own or lease at December 31, 2022.
+Added: The following table provides the primary segment, location and general use of each of our principal properties that we own or lease as of December 31, 2023.
Business Segment and Location Principal Use Owned/Leased
1 unchanged sentence
B&W Renewable segment
−Removed: Copenhagen, Denmark Administrative office Leased (2023)
Esbjerg, Denmark Manufacturing facility / administrative office Owned
−Removed: Vejen, Denmark Administrative office Leased (2023)
+Added: Taastrup, Denmark Administrative office Leased (2029)
Freeport, Illinois Administrative office Leased (2026)
B&W Environmental segment
−Removed: Paruzzaro, Italy Administrative offices Leased (2024)
+Added: Paruzzaro, Italy Administrative office Leased (2027)
Ding Xiang, Xin Zhou, Shan Xi, China Manufacturing facility Leased (2025)
B&W Thermal segment
−Removed: Akron, Ohio Administrative offices Leased (2034)
+Added: Akron, Ohio Administrative office Leased (2034)
Lancaster, Ohio Manufacturing facility Leased (2041)
4 unchanged sentences
Dartmouth, Nova Scotia, Canada Manufacturing facility Leased (2029)
−Removed: Port Coquitlam, BC Administrative office Leased (2023)
−Removed: Tulsa, Oklahoma Administrative office Leased (2023)
−Removed: Chanute, Kansas (1)
−Removed: Manufacturing facility Owned
−Removed: Chanute, Kansas Administrative office Leased (2023)
−Removed: ( 1) We owned our Chanute, Kansas facility outright until December 16, 2022 when we sold certain real property assets at this location for $8.4 million in proceeds and then simultaneously entered into a lease agreement with the buyer of the property resulting in a sale lease-back.
−Removed: The sale-leaseback is repayable over a 20 year term, with two renewal options of ten years each.
−Removed: Under the terms of the lease agreement, our initial basic rent is of approximately $0.7 million per year with annual increases of 2.25% throughout the life of the agreement.
+Added: Tucker, Georgia Administrative office Leased (2028)
+Added: Chanute, Kansas Manufacturing facility Leased (2043)
We believe that our major properties are adequate for our present needs and, as supplemented by planned improvements and construction, expect them to remain adequate for the foreseeable future.
3 unchanged sentences
Not Applicable.
−Removed: Mine Safety Disclosures.
−Removed: Not Applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.