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Long-Term Debt, Net, and Other Borrowings
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Long-Term Debt, Net, and Other Borrowings Long-Term Debt, Net, and Other Borrowings
As of September 30, 2022, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:
(in thousands)Amount
Remainder of 2022$3,750 
202315,000 
2024148,750 
Total principal outstanding167,500 
Unamortized debt discount(348)
Unamortized debt issuance costs(301)
Finance lease liabilities578 
Total167,429 
Less: current portion(15,372)
Total long-term debt, net and other borrowings$152,057 


At September 30, 2022, the Company’s interest rate under the five-year secured term loan facility, which matures on June 30, 2024 (the “2019 Term Facility” and the loans thereunder, the “2019 Term Loans”) was 4.6%.
On March 31, 2021, the Company voluntarily repaid in full the entire outstanding principal on its $50.0 million loan agreement (the “Royalty-Backed Loan”) with a fund managed by HealthCare Royalty Partners III, L.P. in the amount of $30.9 million, which included a prepayment amount of $0.5 million, and terminated the agreement governing the Royalty-Backed Loan. The Company recorded a gain on extinguishment of debt of $0.9 million related to the write-off of an unamortized debt premium offset by the prepayment amount.