XOMA Royalty Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2024

The following table summarizes the impact of the initial term loan on the Company’s condensed consolidated balance sheet as of June 30, 2024 (in thousands):


	June 30, 2024
Gross principal	$	130,000
Principal repayments		(3,616)
Unaccreted debt discount and debt issuance costs		(5,591)
Total carrying value net of principal repayments, unaccreted debt discount and debt issuance costs		120,793
Less: current portion of long-term debt		(5,716)
Long-term debt	$	115,077

Schedule of projected future principal payments of initial term loan

Aggregate projected future principal payments of the initial term loan as of June 30, 2024, are as follows (in thousands):


Year Ending December 31,	Payments
2024 (excluding the six months ended June 30, 2024)	$	3,441
2025		9,835
2026		15,056
2027		19,703
2028		24,156
Thereafter		54,193
Total payments	$	126,384

Schedule of interest expense


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Accrued interest expense	$	3,120	$	—	$	6,365	$	—
Accretion of debt discount and debt issuance costs		282		—		588		—
Total interest expense	$	3,402	$	—	$	6,953	$	—

- 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.

+ References

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+ Details