Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 63

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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1,598 1,598 Total fair value of securities$6,794 $6,794 Investments in securities are presented as $4.0 million in Other current assets and $3.0 million in Other assets as of June 30, 2025 in the Condensed Consolidated Balance Sheets with contractual maturities ranging from 0 to 5 years.Senior Notes due 2026See Note 13 to the Condensed Consolidated Financial Statements for a discussion of our senior notes. The fair value of the senior notes is based on readily available quoted market prices (known as "Level 1") as of June 30, 2025.(in thousands)June 30, 2025Carrying ValueEstimated Fair Value8.125% Senior Notes due 2026 ("BWSN")$109,022 $85,037 6.50% Senior Notes due 2026 ("BWNB")$103,633 $65,455 Senior Notes due 2030The fair value of the senior notes is based on present value of future cash flows discounted at estimated borrowing rates for similar debt instruments or on estimated prices based on current yields for debt issues of similar quality and terms (known as "Level 2") as of June 30, 2025.(in thousands)June 30, 2025Carrying ValueEstimated Fair Value8.75% Senior Notes due 2030$100,673 $99,851 Other Financial InstrumentsWe used the following methods and assumptions in estimating fair value amounts for other financial instruments:•Cash and cash equivalents and restricted cash and cash equivalents. The carrying amounts reported in the accompanying Condensed Consolidated Balance Sheets for cash and cash equivalents and restricted cash and cash equivalents approximate their fair value due to their highly liquid nature and are classified as Level 1.•Revolving Debt. We base the fair value of debt instruments on quoted market prices. Where quoted prices are not available, we base the fair value on Level 2 inputs such as the present value of future cash flows discounted at estimated borrowing rates for similar debt instruments or on estimated prices based on current yields for debt issues of 

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similar quality and terms. The fair value of Revolving Debt was calculated at $125.5 million, which is $1.5 million less than its carrying amount at June 30, 2025. 

NOTE 19 – RELATED PARTY TRANSACTIONS 

Transactions with B. Riley Based on Schedule 13D filings