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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Outstanding Principal Amount and Carrying Value of Notes

The outstanding principal amount and carrying value of the 2026 Notes consist of the following (in thousands):

		December 31, 2024
Principal		$	316,250
Unamortized debt issuance costs			(3,262	)
Net carrying value		$	312,988

Debt

Debt consists of the following (in thousands):

		December 31,
		2024				2023
2026 Notes		$	316,250			$	316,250
Other notes payable			432				1,175
PGE loans			3,052				4,537
Braidwell Term Loan, including final payment fee of $6,500			206,500				154,875
Revolving Credit Facility			63,284				49,720
Total			589,518				526,557
Less: unamortized debt discount and debt issuance costs			(13,340	)			(13,714	)
Total			576,178				512,843
Less: short-term debt			(1,656	)			(1,808	)
Total long-term debt		$	574,522			$	511,035

Principal Payments on Debt

Principal payments on debt are as follows as of December 31, 2024 (in thousands):

2025		$	1,658
2026			317,483
2027			63,877
2028			206,500
Total			589,518
Less: unamortized debt discount and debt issuance costs			(13,340	)
Total			576,178
Less: short-term debt			(1,656	)
Long-term debt		$	574,522

OCEANE Convertible Bonds

On May 31, 2018, EOS issued 4,344,651 OCEANEs denominated in Euros, due May 2023 for aggregate gross proceeds of $34.3 million. The OCEANEs were unsecured obligations of EOS, ranked equally with all other unsecured and unsubordinated obligations of EOS, and paid interest at a rate equal to 6% per year, payable semiannually in arrears on May 31 and November 30 of each year, beginning November 30, 2018. The OCEANEs matured on May 31, 2023 and the outstanding OCEANEs and accrued interest were paid in full on May 31, 2023. As of December 31, 2023, no OCEANEs remained outstanding. Interest expense was $0.3 million and $0.8 million for the years ended December 31, 2023 and 2022, respectively.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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