Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 134

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 postretirement benefit plans totaling $4.0 million and $7.7 million during the three and six months ended June 30, 2025 as compared to $3.7 million and $3.8 million during the three and six months ended June 30, 2024 respectively. 

NOTE 13 – DEBT AND CREDIT FACILITIES

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Senior Notes Due 2026On May 20, 2025, $47.8 million aggregate principal amount of our 6.50% Senior Notes due 2026 and $84.0 million aggregate principal amount of our 8.125% Senior Notes due 2026 (collectively, the "Exchanged Notes") were repurchased and cancelled in connection with the privately negotiated exchanged described below. The components of our senior notes at June 30, 2025 are as follows:Senior Notes(in thousands)8.125% (1)6.50% (2)TotalSenior notes due in 2026$109,022 $103,633 $212,655 Unamortized deferred financing costs(537)(1,419)(1,956)Unamortized premium96 — 96 Net debt balance$108,581 $102,214 $210,795 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 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 $108.6 million is included in current liabilities in the Condensed Consolidated Balance Sheets at June 30, 2025. $191.5 million is included in noncurrent liabilities in the Condensed Consolidated Balance Sheets at December 31, 2024. As of June 30, 2025 the 8.125% Senior Notes bear an effective interest rate of 8.5%.(2) The 6.50% Senior Notes mature in December 2026 and are included in noncurrent liabilities in the Condensed Consolidated Balance Sheets at