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)

3 Months Ended

Mar. 31, 2024

The following table summarizes the impact of the initial term loan on the Company’s condensed consolidated balance sheet as of March 31, 2024 (in thousands):


	March 31, 2024
Gross principal	$	130,000
Principal repayments		(3,616)
Unaccreted debt discount and debt issuance costs		(5,712)
Total carrying value net of principal repayments, unaccreted debt discount and debt issuance costs		120,672
Less: current portion of long-term debt		(6,144)
Long-term debt	$	114,528

Schedule of projected future principal payments of initial term loan

Aggregate projected future principal payments of the initial term loan as of March 31, 2024, are as follows (in thousands):


Year Ending December 31,	Payments
2024 (excluding the three months ended March 31, 2024)	$	3,588
2025		10,246
2026		15,404
2027		19,609
2028		23,585
Thereafter		53,952
Total payments	$	126,384

Schedule of interest expense

Interest expense in the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2024 relates to the initial term loan (in thousands):


	Three Months Ended
	March 31,
	2024		2023
Accrued interest expense	$	3,245	$	—
Accretion of debt discount and debt issuance costs		306		—
Total interest expense	$	3,551	$	—

- 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