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)

9 Months Ended

Sep. 30, 2025

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


	September 30, 2025
Gross principal	$	130,000
Principal repayments		(17,502)
Debt discount and debt issuance costs		(3,771)
Total carrying value net of principal repayments, debt discount, and debt issuance costs		108,727
Less: current portion of long-term debt		(14,345)
Long-term debt	$	94,382

Schedule of projected future principal payments of initial term loan

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


Year Ending December 31,	Payments
2025 (excluding the nine months ended September 30, 2025)		—
2026		15,575
2027		21,951
2028		27,432
2029		32,946
Thereafter		14,594
Total payments	$	112,498

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 nine months ended September 30, 2025 and 2024 relates to the initial term loan (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Accrued interest expense	$	2,914	$	3,085	$	8,868	$	9,450
Accretion of debt discount and debt issuance costs		387		408		1,136		996
Total interest expense	$	3,301	$	3,493	$	10,004	$	10,446

- 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