XOMA Royalty Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Long-Term Debt (Tables)

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2025

The following table summarizes the impact of the initial term loan on the Company’s condensed consolidated balance sheet as of June 30, 2025 (in thousands):


	June 30, 2025
Gross principal	$	130,000
Principal repayments		(11,969)
Debt discount and debt issuance costs		(4,158)
Total carrying value net of principal repayments, debt discount, and debt issuance costs		113,873
Less: current portion of long-term debt		(11,672)
Long-term debt	$	102,201

Schedule of projected future principal payments of initial term loan

Aggregate projected future principal payments of the initial term loan as of June 30, 2025, are as follows (in thousands):


Year Ending December 31,	Payments
2025 (excluding the six months ended June 30, 2025)		5,424
2026		18,021
2027		24,335
2028		30,418
2029		36,367
Thereafter		3,466
Total payments	$	118,031

Schedule of interest expense

Accretion of debt discounts and issuance costs are included in interest expense. Interest expense in the condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024 relates to the initial term loan (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Accrued interest expense	$	2,914	$	3,120	$	5,954	$	6,365
Accretion of debt discount and debt issuance costs		322		282		749		588
Total interest expense	$	3,236	$	3,402	$	6,703	$	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.

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+ Details