Company: PCRX
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001396814-25-000102
Chunk: 86

Company: Pacira BioSciences, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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47,787 34,848 Adjusted selling and marketing50,964 39,047 106,535 78,482 Adjusted general and administrative26,231 19,937 46,840 44,266 Stock-based compensation15,472 12,524 30,025 25,675 Amortization of acquired intangible assets14,322 14,322 28,644 28,644 Changes in the fair value of contingent consideration(357)1,509 (3,032)(2,297)Other8,619 1,028 17,481 4,779 Total operating expenses172,600 149,783 339,533 303,688           Total other (expense) income, net(10,426)8,344 (3,710)8,772 (Loss) income before income taxes(1,927)36,584 6,779 50,224 Income tax expense(2,920)(17,698)(6,814)(22,359)Net (loss) income$(4,847)$18,886 $(35)$27,865 For information on the Company’s fixed assets located outside of the U.S., refer to Note 6, Fixed Assets.

NOTE 18—SUBSEQUENT EVENTS

DebtRevolving Credit FacilityOn July 3, 2025, the Company entered into a credit agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, swingline lender and an issuing bank, and certain lenders, to, among other things, refinance the indebtedness outstanding under the Company’s TLA Credit Agreement and provide ongoing working capital. The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate commitment amount of $300.0 million, with a letter of credit sublimit of $10.0 million and swingline loan sublimit of $15.0 million. The credit facility is secured by substantially all of the Company’s and each subsidiary guarantor’s assets and is scheduled to mature on July 3, 2030, subject to certain exceptions set forth in the Credit Agreement. Subject to certain conditions, the Company may, at any time, on one or more occasions, add one or more new classes of term facilities and/or increase the principal amount of any existing class of term loans by requesting one or more incremental term facilities in an