---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026232"
form_type: "8-K"
ticker: "ACET"
cik: "0001720580"
company_name: "Adicet Bio, Inc."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:36:32.718531+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Adicet Bio amends loan with PacWest, extends drawdown to 2024 and maturity to 2026

## Summary
- Drawdown period for term loans extended by one year to April 19, 2024.
- If company raises at least $60M in equity or partnership cash (excluding Regeneron) by Sept 30, 2023, interest-only period extends to Oct 19, 2024.
- Final maturity of term loans extended one year to October 19, 2026.
- Company must maintain lesser of $200M or 70% of combined deposit balances with PacWest.
- Guarantor affirmed prior guaranty and security interest in substantially all assets except IP.

## SEC filing metadata
- accession: 0000950170-22-026232
- form_type: 8-K
- ticker: ACET
- cik: 0001720580
- company_name: Adicet Bio, Inc.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720580/000095017022026232/0000950170-22-026232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720580/000095017022026232/acet-20221202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026232
- JSON: https://secwatch.observer/filing/0000950170-22-026232.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026232.txt

## Key facts
- Material Agreements
  Adicet Bio, Inc. amended Fifth Amendment to Loan and Security Agreement with Pacific Western Bank ("PacWest") (effective 2022-12-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Pacific Western Bank ("PacWest")
  - Effective: 2022-12-02
  source text: On December 2, 2022 (the “Effective Date”), Adicet Therapeutics, Inc. (the “Subsidiary”), a Delaware corporation and wholly-owned subsidiary of Adicet Bio, Inc. (the “Guarantor”, and together with the Subsidiary, the “Company”), and Pacific Western Bank (“PacWest”) entered into a Fifth Amendment (the “Amendment”) to that certain Loan and Security Agreement, dated April 28, 2020, by and among the Subsidiary and PacWest (the “Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720580/000095017022026232/0000950170-22-026232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.