---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-122474"
form_type: "8-K"
ticker: "ELUT"
cik: "0001708527"
company_name: "ELUTIA INC."
filed_at: "2022-11-28T23:59:59+00:00"
generated_at: "2026-06-21T12:47:36.530145+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Aziyo Biologics extends minimum liquidity step-up date under $25M credit agreement to Dec 16, 2022

## Summary
- Amendment moves the minimum liquidity step-up date from November 21, 2022 to December 16, 2022.
- Credit agreement provides $25M senior secured term loans (including $4M conditional on metrics).
- Company must maintain $5.0M minimum liquidity until step-up date; thereafter greater of $5.0M or prior two quarters' operating burn.
- Borrower represented no default or event of default exists as of the amendment date.

## SEC filing metadata
- accession: 0001104659-22-122474
- form_type: 8-K
- ticker: ELUT
- cik: 0001708527
- company_name: ELUTIA INC.
- filed_at: 2022-11-28T23:59:59+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/1708527/000110465922122474/0001104659-22-122474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708527/000110465922122474/tm2231343d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-122474
- JSON: https://secwatch.observer/filing/0001104659-22-122474.json
- Plain text: https://secwatch.observer/filing/0001104659-22-122474.txt

## Key facts
- Material Agreements
  ELUTIA INC. amended Amendment Letter with SWK Funding LLC, as agent (effective 2022-11-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: SWK Funding LLC, as agent
  - Effective: 2022-11-21
  source text: On November 21, 2022, Aziyo Biologics, Inc. (the “Company”) entered into an amendment letter (the “Amendment Letter”) to the Credit Agreement, dated as of August 10, 2022 (as amended by the letter agreement dated as of October 9, 2022 and the letter agreement dated as of November 10, 2022, the “Credit Agreement”), by and among the Company, as the Borrower, and its subsidiaries, the financial institutions party thereto from time to time as lenders, and SWK Funding LLC, as agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708527/000110465922122474/0001104659-22-122474-index.htm

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