Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 148

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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)$(231)$(66,998)$(1,895)

NOTE 18 – FAIR VALUE MEASUREMENTS

The following tables summarize financial assets carried at fair value, all of which were valued from readily available prices (known as "Level 1" in the fair value hierarchy established by ASC 820, Fair Value Measurements and Disclosures).Securities(in thousands)September 30, 2025Level 1Corporate notes and bonds$5,124 $5,124 United States Government and agency securities1,957 1,957 Total fair value of securities$7,081 $7,081 (in thousands)December 31, 2024Level 1Corporate notes and bonds$5,196 $5,196 United States Government and agency securities1,598 1,598 Total fair value of securities$6,794 $6,794 Investments in securities are presented as $6.5 million in Other current assets and $0.6 million in Other assets as of September 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 September 30, 2025.September 30, 2025(in thousands)Carrying ValueEstimated Fair Value8.125% Senior Notes ("BWSN")$98,420 $98,814 6.50% Senior Notes ("BWNB")90,940 83,810 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 September 30, 2025.

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September 30, 2025(in thousands)Carrying ValueEstimated Fair Value8.75% Senior Notes$121,073 $122,840 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