Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 54

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 benefit plans during the three and nine months ended September 30, 2025 and 2024.

We made contributions to the pension and other postretirement benefit plans totaling $7.4 million and $15.1 million during the three and nine months ended September 30, 2025 as compared to $3.6 million and $7.5 million during the three and nine months ended September 30, 2024 respectively. 

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NOTE 13 – DEBT AND CREDIT FACILITIES

Senior Notes Due 2026On May 20, 2025, $84.0 million aggregate principal amount of our 8.125% Senior Notes and $47.8 million aggregate principal amount of our 6.50% Senior Notes (collectively, the "Exchanged Notes") were repurchased and cancelled in connection with the privately negotiated exchanged described below. During the third quarter of 2025, we completed a cash tender offer for $8.3 million of our 8.125% Senior Notes and 6.50% Senior Notes. A gain of $1.7 million was recognized as part of this transaction and is included in Gain (loss) on debt extinguishment on the Condensed Consolidated Statement of Operations. During the third quarter of 2025, $5.0 million of our 8.125% Senior Notes and $10.0 million of our 6.50% Senior Notes were exchanged for $15.0 million of our 8.75% Senior Notes.The components of our Senior Notes due 2026 at September 30, 2025 are as follows:Senior Notes(in thousands)8.125% (1)6.50% (2)TotalSenior Notes due 2026$98,420 $90,940 $189,360 Unamortized deferred financing costs(323)(1,150)(1,473)Unamortized premium60 — 60 Net debt balance$98,157 $89,790 $187,947 The components of our senior notes at December 31, 2024 are as follows:Senior Notes(in thousands)8.125% (1)6.50% (2)TotalSenior Notes due 2026$193,035 $151,440 $344,475 Unamortized deferred financing costs(1,659)(2,757)(4,416)Unamortized premium