XOMA Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

The following table summarizes the impact of the initial term loan on the Company’s consolidated balance sheet as of December 31, 2023 (in thousands):


	December 31, 2023
Gross principal	$	130,000
Unaccreted debt discount and debt issuance costs		(5,939)
Total carrying value net of unaccreted debt discount and debt issuance costs		124,061
Less: current portion of long-term debt		(5,543)
Long-term debt	$	118,518

Schedule of projected future principal payments of initial term loan

Aggregate projected future principal payments of the initial term loan as of December 31, 2023, are as follows (in thousands):


Year Ending December 31,	Payments
2024	$	6,594
2025		8,767
2026		14,200
2027		19,155
2028		23,872
Thereafter		57,412
Total payments	$	130,000

Schedule of interest expense

Interest expense in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2023 relates to the initial term loan (in thousands):


	Year Ended
	December 31,
	2023		2022
Accrued interest expense	$	535	$	—
Accretion of debt discount and debt issuance costs		34		—
Total interest expense	$	569	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details