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For example, if we hold a security that was issued with a fixed interest rate at the then-prevailing rate and the interest rate later rises, we expect that the fair value of our investment will decline.
−Removed: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at June 30, 2024 by approximately $0.7 million.
+Added: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at September 30, 2024 by approximately $0.9 million.
The fair value of our 2025 Notes is impacted by both the fair value of our common stock and interest rate fluctuations.
−Removed: As of June 30, 2024, the estimated fair value of the 2025 Notes was $938 per $1,000 principal amount.
+Added: As of September 30, 2024, the estimated fair value of the 2025 Notes was $956 per $1,000 principal amount.
See Note 8, Debt , to our condensed consolidated financial statements included herein for further discussion of our 2025 Notes, which bear interest at a fixed rate.
−Removed: At June 30, 2024, $202.5 million of principal remains outstanding on the 2025 Notes.
+Added: At September 30, 2024, $202.5 million of principal remains outstanding on the 2025 Notes.
The fair value of our 2029 Notes is impacted by both the fair value of our common stock and interest rate fluctuations.
−Removed: As of June 30, 2024, the estimated fair value of the 2029 Notes was $996 per $1,000 principal amount.
+Added: As of September 30, 2024, the estimated fair value of the 2029 Notes was $757 per $1,000 principal amount.
See Note 8, Debt , to our condensed consolidated financial statements included herein for further discussion of our 2029 Notes, which bear interest at a fixed rate.
−Removed: At June 30, 2024, $287.5 million of principal remains outstanding on the 2029 Notes.
+Added: At September 30, 2024, $287.5 million of principal remains outstanding on the 2029 Notes.
The TLA Term Loan provides for a single-advance term loan in the principal amount of $150.0 million and is scheduled to mature on March 31, 2028.
Each term loan borrowing that is a term benchmark borrowing or daily simple SOFR borrowing bears interest at a rate per annum equal to (i) the Adjusted Term SOFR Rate or Adjusted Daily Simple SOFR (as each is defined in the TLA Credit Agreement), plus (ii) a spread based on our Senior Secured Net Leverage Ratio ranging from 3.00% to 3.75%.
−Removed: At June 30, 2024, the outstanding principal on the TLA Term Loan was $110.9 million.
−Removed: As of June 30, 2024, borrowings under the TLA Term Loan consisted entirely of term benchmark borrowings at a rate of 8.43%.
−Removed: A hypothetical 100 basis point increase in interest rates would increase interest expense over the next 12 months by approximately $1.1 million, based on the balance outstanding for these borrowings as of June 30, 2024.
+Added: At September 30, 2024, the outstanding principal on the TLA Term Loan was $108.1 million.
+Added: As of September 30, 2024, borrowings under the TLA Term Loan consisted entirely of term benchmark borrowings at a rate of 7.95%.
+Added: A hypothetical 100 basis point increase in interest rates would increase interest expense over the next 12 months by approximately $1.1 million, based on the balance outstanding for these borrowings as of September 30, 2024.
We have agreements with certain vendors and partners that operate in foreign jurisdictions.
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In the event of non-performance or non-payment, there may be a material adverse impact on our financial condition, results of operations or net cash flow.
+Added: Pacira BioSciences, Inc.
+Added: | Q3 2024 Form 10-Q | Page 50
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.