Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 42

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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2420252024Interest cost$10,224 $10,808 $63 $70 Expected return on plan assets(9,683)(11,200)— — Amortization of prior service cost78 53 71 173 Benefit plans, net (1)619 (339)134 243 Service cost included in COS (2)195 171 5 4 Net periodic benefit cost (benefit)$814 $(168)$139 $247 (1) Benefit plans, net, which is presented separately in the Condensed Consolidated Statements of Operations, is not allocated to the segments.(2) Service cost related to a small group of active participants is presented within Cost of operations in the Condensed Consolidated Statements of Operations and is recorded at the B&W Thermal segment level.There were no MTM adjustments for the pension and other postretirement benefit plans during the three months ended March 31, 2025 and 2024. 

We made contributions to the pension and other postretirement benefit plans totaling $3.7 million and $0.3 million during the three months ended March 31, 2025 and 2024, respectively. 

NOTE 12 – DEBT AND CREDIT FACILITIES

25

Senior NotesThe components of our senior notes at March 31, 2025 are as follows:Senior Notes(in thousands)8.125% (1)6.50% (2)TotalSenior notes due in 2026$193,035 $151,440 $344,475 Unamortized deferred financing costs(1,307)(2,417)(3,724)Unamortized premium132 — 132 Net debt balance$191,860 $149,023 $340,883 The components of senior notes outstanding at December 31, 2024 are as follows:Senior Notes(in thousands)8.125% (1)6.50% (2)TotalSenior notes due in 2026$193,035 $151,440 $344,475 Unamortized deferred financing costs(1,659)(2,757)(4,416)Unamortized premium168 — 168 Net debt balance$191,544 $148,683 $340,227 (1) The 8.125% Senior Notes mature in February 2026 and $108.4 million is included in current liabilities