---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-026406"
form_type: "8-K"
ticker: "ACET"
cik: "0001720580"
company_name: "Adicet Bio, Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:27:07.047594+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Adicet Bio amends credit agreement with Pacific Western Bank, adjusting deposit and investment covenants.

## Summary
- Amendment to Loan and Security Agreement dated May 30, 2023 with Pacific Western Bank.
- Company must maintain lesser of $35M or all combined balances in PacWest deposit/MM/insured cash sweep accounts.
- If below $35M at PacWest, can hold up to $2.5M in outside accounts subject to control agreement, plus $250K in foreign accounts.
- Guarantor reaffirmed prior guaranty and security interest in substantially all assets except IP.

## SEC filing metadata
- accession: 0000950170-23-026406
- form_type: 8-K
- ticker: ACET
- cik: 0001720580
- company_name: Adicet Bio, Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720580/000095017023026406/0000950170-23-026406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720580/000095017023026406/acet-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026406
- JSON: https://secwatch.observer/filing/0000950170-23-026406.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026406.txt

## Key facts
- Material Agreements
  Adicet Bio, Inc. amended Sixth Amendment with Pacific Western Bank (effective 2023-05-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Pacific Western Bank
  - Effective: 2023-05-30
  source text: and Pacific Western Bank (“PacWest”) entered into a Sixth Amendment (the “Amendment”) to that certain Loan and Security Agreement, dated April 28, 2020
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720580/000095017023026406/0000950170-23-026406-index.htm

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