Total revenue interest financing liability consists of the following (in thousands):
|
|
|
|
|
Liability balance as of January 1, 2023 |
|
$ |
109,525 |
|
Proceeds from the Revenue Interest Financing Agreement |
|
|
175,000 |
|
Less: transaction costs |
|
|
(2,325 |
) |
Less: royalty payments and payables |
|
|
— |
|
Plus: interest expense |
|
|
24,727 |
|
Ending liability balance as of December 31, 2023 |
|
|
306,927 |
|
Less: current portion |
|
|
(7,111 |
) |
Long-term liability balance as of December 31, 2023 |
|
$ |
299,816 |
|
|
|
|
|
Liability balance as of January 1, 2024 |
|
$ |
306,927 |
|
Proceeds from the Revenue Interest Financing Agreement |
|
|
— |
|
Less: transaction costs |
|
|
— |
|
Less: royalty payments and payables |
|
|
(68 |
) |
Plus: interest expense |
|
|
12,147 |
|
Ending liability balance as of March 31, 2024 |
|
|
319,006 |
|
Less: current portion |
|
|
(16,478 |
) |
Long-term liability balance as of March 31, 2024 |
|
$ |
302,528 |
|
|