Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 136

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 136
---
$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 premium168 — 168 Net debt balance$191,544 $148,683 $340,227 (1) The 8.125% Senior Notes mature in February 2026, and $98.2 million is included in current liabilities in the Condensed Consolidated Balance Sheets at September 30, 2025. $191.5 million is included in noncurrent liabilities in the Condensed Consolidated Balance Sheets at December 31, 2024. As of September 30, 2025 the 8.125% Senior Notes bear an effective interest rate of 12.0%.(2) The 6.50% Senior Notes mature in December 2026 and are included in noncurrent liabilities in the Condensed Consolidated Balance Sheets at September 30, 2025 and December 31, 2024. As of September 30, 2025 the 6.50% Senior Notes bear an effective interest rate of 7.6%.

Senior Notes Due 2030The components of our Senior Notes due 2030 at September 30, 2025 are as follows:(in thousands)8.75% (1)Senior Notes due 2030$121,073 Unamortized deferred financing costs(5,324)Unamortized gain28,897 Net debt balance$144,646 (1) The 8.75% Senior Notes mature in June 2030 and is included in noncurrent liabilities in the Condensed Consolidated Balance Sheets at September 30, 2025. As of September 30, 2025 the 8.75% Senior Notes bear an effective interest rate of 4.9%.On May 20, 2025, we completed privately negotiated exchange transactions (