---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-022503"
form_type: "8-K"
ticker: "CELU"
cik: "0001752828"
company_name: "Celularity Inc"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:53:20.955909+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Celularity enters $6M senior secured loan (12.5% interest) with board-affiliated lender; matures June 14, 2023

## Summary
- Loan principal $6M, net $5.88M after 2% OID; proceeds used to pay Yorkville under pre-paid advance agreement.
- Interest 12.5% per annum; first-year interest paid in kind, not cash.
- Lender Resorts World Inc is affiliate of board member Lim Kok Thay.
- Loan secured by all assets, pari passu with C.V. Starr; covenant requires cash >= $3M at all times.
- Maturity only 29 days from closing (June 14, 2023), indicating urgent short-term financing.

## SEC filing metadata
- accession: 0000950170-23-022503
- form_type: 8-K
- ticker: CELU
- cik: 0001752828
- company_name: Celularity Inc
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1752828/000095017023022503/0000950170-23-022503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1752828/000095017023022503/celu-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-022503
- JSON: https://secwatch.observer/filing/0000950170-23-022503.json
- Plain text: https://secwatch.observer/filing/0000950170-23-022503.txt

## Key facts
- Debt Financings
  Celularity Inc incurred loan of $6.0 million net of an original issue discount of $120,000 with Resorts World Inc Pte Ltd at 12.5% per year maturing June 14, 2023.
  - Instrument: loan
  - Principal: $6.0 million net of an original issue discount of $120,000
  - Counterparty: Resorts World Inc Pte Ltd
  - Rate: 12.5% per year
  - Maturity: June 14, 2023
  - Event: incurrence
  source text: On May 16, 2023, Celularity Inc., or Celularity, entered into a senior secured loan agreement with Resorts World Inc Pte Ltd, or RWI, providing for a loan in the aggregate principal amount of $6.0 million net of an original issue discount of $120,000, which bears interest at a rate of 12.5% per year, with the first year of interest being paid in kind on the last day of each month, and matures June 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000095017023022503/0000950170-23-022503-index.htm
- Material Agreements
  Celularity Inc entered into senior secured loan agreement with Resorts World Inc Pte Ltd valued at $6.0 million (effective 2023-05-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Resorts World Inc Pte Ltd
  - Value: $6.0 million
  - Effective: 2023-05-16
  source text: On May 16, 2023, Celularity Inc., or Celularity, entered into a senior secured loan agreement with Resorts World Inc Pte Ltd, or RWI, providing for a loan in the aggregate principal amount of $6.0 million net of an original issue discount of $120,000, which bears interest at a rate of 12.5% per year, with the first year of interest being paid in kind on the last day of each month, and matures June 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000095017023022503/0000950170-23-022503-index.htm

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