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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 March 31, 2025 by approximately $0.7 million.
−Removed: 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 March 31, 2025, the estimated fair value of the 2025 Notes was $986 per $1,000 principal amount.
−Removed: See Note 9, 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 March 31, 2025, $202.5 million of principal remains outstanding on the 2025 Notes.
+Added: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at June 30, 2025 by approximately $0.3 million.
+Added: The fair value of our 2025 Notes was impacted by both the fair value of our common stock and interest rate fluctuations.
+Added: As of June 30, 2025, the estimated fair value of the 2025 Notes was $993 per $1,000 principal amount.
+Added: See Note 9, Debt , to our condensed consolidated financial statements included herein for further discussion of our 2025 Notes, which bore interest at a fixed rate.
+Added: At June 30, 2025, $202.5 million of principal remained outstanding on the 2025 Notes.
+Added: On August 1, 2025, the 2025 Notes matured and we settled the remaining outstanding principal balance of $202.5 million cash.
+Added: For more information, see Note 18, Subsequent Events.
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 March 31, 2025, the estimated fair value of the 2029 Notes was $973 per $1,000 principal amount.
+Added: As of June 30, 2025, the estimated fair value of the 2029 Notes was $979 per $1,000 principal amount.
See Note 9, 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 March 31, 2025, $287.5 million of principal remains outstanding on the 2029 Notes.
−Removed: 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.
−Removed: 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 March 31, 2025, the outstanding principal on the TLA Term Loan was $102.5 million.
−Removed: As of March 31, 2025, borrowings under the TLA Term Loan consisted entirely of term benchmark borrowings at a rate of 7.40%.
−Removed: A hypothetical 100 basis point increase in interest rates would increase interest expense over the next 12 months by approximately $1.0 million, based on the balance outstanding for these borrowings as of March 31, 2025.
+Added: At June 30, 2025, $287.5 million of principal remains outstanding on the 2029 Notes.
+Added: The TLA Term Loan provided for a single-advance term loan in the principal amount of $150.0 million and was scheduled to mature on March 31, 2028.
+Added: Each term loan borrowing that was a term benchmark borrowing or daily simple SOFR borrowing bore 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%.
+Added: At June 30, 2025, the outstanding principal on the TLA Term Loan was $98.8 million.
+Added: As of June 30, 2025, borrowings under the TLA Term Loan consisted entirely of term benchmark borrowings at a rate of 7.43%.
+Added: In July 2025, we repaid the indebtedness outstanding under our TLA Credit Agreement and terminated the TLA Credit Agreement concurrently with our entry into the new Revolving Credit Facility.
+Added: For more information, see Note 18, Subsequent Events .
We have agreements with certain vendors and partners that operate in foreign jurisdictions.
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Dollar, subject to an annual adjustment based on changes in currency exchange rates.
−Removed: Additionally, our accounts receivable are primarily concentrated with four large wholesalers of pharmaceutical products.
−Removed: 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.
Pacira BioSciences, Inc.
| Q2 2025 Form 10-Q | Page 55
+Added: Additionally, our accounts receivable are primarily concentrated with four large wholesalers of pharmaceutical products.
+Added: 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.
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.