Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
XOMA Royalty Corp incurred credit facility of up to $140 million with Blue Owl Capital Inc. at 9.875% per annum maturing December 15, 2038.
- Instrument
- credit facility
- Principal
- up to $140 million
- Counterparty
- Blue Owl Capital Inc.
- Rate
- 9.875% per annum
- Maturity
- December 15, 2038
- Event
- incurrence
Exact text from the filing
dated December 15, 2023, with the lenders from time to time party thereto (the “ Lenders ”) and Blue Owl Capital Corporation, as administrative agent (the “ Administrative Agent ”), pursuant to which the lenders extended certain senior secured credit facilities to the Subsidiary (the “ Loan ”) in an aggregate principal amount of up to $140 million (the “ Loan Amount ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
XOMA Royalty Corp entered into Warrants with Blue Owl Capital Inc. valued at warrants to purchase up to 120,000 shares of common stock at exercise prices of $35.00, $42.50, and (effective 2023-12-15).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Blue Owl Capital Inc.
- Value
- warrants to purchase up to 120,000 shares of common stock at exercise prices of $35.00, $42.50, and
- Effective
- 2023-12-15
Exact text from the filing
XOMA also issued to Blue Owl warrants (the “ Warrants ”), to purchase (i) up to 40,000 shares of XOMA’s common stock, par value $0.0075 (“ Common Stock ”) at an exercise price of $35.00 per share, the form of which is attached to this Current Report on Form 8-K as Exhibit 4.1; (ii) up to 40,000 shares of Common Stock at an exercise price of $42.50 per share, the form of which is attached to this Current Report on Form 8-K as Exhibit 4.2; and (iii) up to 40,000 shares of Common Stock at an exercise price of $50.00 per share, the form of which is attached to this Current Report on Form 8-K as Exhibit 4.3.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
XOMA Royalty Corp entered into Loan Agreement with Blue Owl Capital Corporation valued at up to $140 million principal amount; interest rate 9.875% per annum; maturity December 15, 2038 (effective 2023-12-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Blue Owl Capital Corporation
- Value
- up to $140 million principal amount; interest rate 9.875% per annum; maturity December 15, 2038
- Effective
- 2023-12-15
Exact text from the filing
On December 15, 2023, XOMA Corporation (“ XOMA ”), through XRL 1 LLC, a newly formed, wholly-owned subsidiary (the “ Subsidiary ”), entered into a non-dilutive, non-recourse, royalty-backed loan for up to $140 million of capital (the “ Royalty Financing ”) with certain funds managed by the credit platform of Blue Owl Capital Inc. (collectively, “ Blue Owl ”).
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