The loan payable balance of the Initial Term Loan as of September 30, 2026, and December 31, 2025 is as follows: | | | | | | | | | | | | | The Initial Term Loan | | (in thousands) | September 30,
2026 | | December 31,
2025 | | Loan payable | $ | 250,000 | | | $ | 250,000 | | | Add: Accreted Liability of final payment fee | — | | | — | | | 250,000 | | | 250,000 | | | Less: unamortized debt issuance and debt discount costs | — | | | (4,355) | | | 250,000 | | | 245,645 | | | Less: principal payments | (250,000) | | | — | | | Total loan payable | — | | | 245,645 | | | Less: current portion | — | | | — | | | Loan payable non-current | $ | — | | | $ | 245,645 | |
The loan payable balance of the 2026 Term Loan as of September 30, 2026, is as follows: | | | | | | | 2026 Term Loan | | (in thousands) | September 30,
2026 | | Loan payable | $ | 750,000 | | | Add: Accreted Liability of final payment fee | — | | | 750,000 | | | Less: unamortized debt issuance and debt discount costs | (4,366) | | | 745,634 | | | Less: principal payments | — | | | Total loan payable | 745,634 | | | Less: current portion | — | | | Loan payable non-current | $ | 745,634 | |
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