Company: PCRX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001396814-25-000061
Chunk: 137

Company: Pacira BioSciences, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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Total finite-lived intangible assets, net590,090 (198,986)391,104 Acquired IPR&D34,866 — 34,866      Total intangible assets, net$624,956 $(198,986)$425,970 Amortization expense on intangible assets was $14.3 million for both the three months ended March 31, 2025 and 2024.

Pacira BioSciences, Inc.  |  Q1 2025 Form 10-Q  |  Page 16

Assuming no changes in the gross carrying amount of these intangible assets, the future estimated amortization expense on the finite-lived intangible assets will be $43.0 million for the remaining nine months of 2025, $57.3 million each year from 2026 to 2030, $37.4 million in 2031, $7.9 million in 2032 and $2.2 million in 2033.

NOTE 9—DEBT

The carrying value of the Company’s outstanding debt is summarized as follows (in thousands):March 31,December 31,20252024Term loan A facility maturing March 2028$101,489 $104,211 2.125% Convertible senior notes due May 2029279,801 279,334 0.750% Convertible senior notes due August 2025202,086 201,776      Total$583,376 $585,321 2028 Term Loan A FacilityOn March 31, 2023, the Company entered into a credit agreement (as amended and/or restated to date, the “TLA Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders, to refinance the indebtedness outstanding under the Company’s then-existing TLB Credit Agreement (as defined and discussed below). The term loan issued under the TLA Credit Agreement (the “TLA Term Loan”) was issued at a 0.30% discount and provides for a single-advance term loan A facility in the principal amount of $150.0 million, which is secured by substantially all of the Company’s and any subsidiary guarantor’s assets. Subject to certain conditions, the Company may, at any time, on one or more occasion, add one or more new classes of term facilities and/or increase the principal amount of the loans