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)

3 Months Ended

Mar. 31, 2026

The following table summarizes the impact of the initial term loan on the Company’s condensed consolidated balance sheet as of March 31, 2026 (in thousands):


		March 31, 2026
Gross principal		$	130,000
Principal repayments			(23,893)
Debt discount and debt issuance costs			(3,269)
Total carrying value net of principal repayments, debt discount, and debt issuance costs			102,838
Less: current portion of long-term debt			(14,013)
Long-term debt		$	88,825

Schedule of projected future principal payments of initial term loan

Aggregate projected future principal payments of the initial term loan as of March 31, 2026, are as follows (in thousands):


Year Ending December 31,	Payments
2026 (excluding the three months ended March 31, 2026)	$	7,115
2027		16,631
2028		20,207
2029		24,278
2030		28,906
Thereafter		8,970
Total payments	$	106,107

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 months ended March 31, 2026 and 2025 relates to the initial term loan (in thousands):


	Three Months Ended
	March 31,
	2026		2025
Accrued interest expense	$	2,777	$	3,040
Accretion of debt discount and debt issuance costs		332		427
Delayed draw term loan termination expense		250		—
Total interest expense	$	3,359	$	3,467

- 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