Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 92

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 92
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. 2021 Long-Term Incentive Plan. The Plan Amendment became effective upon such stockholder approval. The Plan Amendment increased the total number of shares of our common stock authorized for award grants under the 2021 Plan from 1,250,000 shares to 5,250,000 shares. The 2021 Plan replaced our Amended and Restated 2015 Long-Term Incentive Plan. In addition to the 5,250,000 shares available for award grant purposes under the 2021 Plan as described above, any shares of our common stock underlying any outstanding award granted under the 2015 Plan that, following May 20, 2021, expires, or is terminated, surrendered, or forfeited for any reason without issuance of such shares shall also be available for the grant of new awards under the 2021 Plan.Preferred StockDuring the twelve months ending December 31, 2024, our Board of Directors approved dividends totaling $14.9 million to holders of the Preferred Stock. There were no cumulative undeclared dividends of the Preferred Stock at December 31, 2024, and all declared dividends have been paid as of December 31, 2024.

NOTE 17 – INTEREST EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION

Interest expense in the Consolidated Financial Statements consisted of the following components:Year ended December 31,(in thousands)202420232022Components associated with borrowings from:Senior notes$25,512 $25,601 $24,962 Credit Facility4,892 1,494 — 30,404 27,095 24,962 Components associated with amortization or accretion of:Deferred fees on Revolving Credit Agreement6,149 4,643 4,400 Deferred fees on Senior notes2,606 2,525 2,612 8,755 7,168 7,012 Components associated with interest from:Lease liabilities2,037 2,813 2,372 Letter of Credit fees and interest3,942 3,519 3,910 Other interest expense1,008 1,976 1,541 6,987 8,308 7,823 Total interest expense$46,146 $42,571 $39,797 

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The following table provides a reconciliation of cash and cash equivalents and current and long-term restricted cash reported within the Consolidated Balance Sheets and