---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-127167"
form_type: "8-K"
ticker: "ELUT"
cik: "0001708527"
company_name: "ELUTIA INC."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:12:56.933476+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Aziyo Biologics draws additional $4M term loan, total borrowings reach $25M

## Summary
- Drew $4.0 million Subsequent Term Loan under existing Credit Agreement on December 13, 2022.
- Total borrowings now $25 million, comprising $21M initial term loan, $4M draw, and ~$0.3M paid-in-kind interest.
- Credit Agreement dated August 10, 2022 with SWK Funding LLC as administrative agent.

## SEC filing metadata
- accession: 0001104659-22-127167
- form_type: 8-K
- ticker: ELUT
- cik: 0001708527
- company_name: ELUTIA INC.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 2.03, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708527/000110465922127167/0001104659-22-127167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708527/000110465922127167/tm2232775d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-127167
- JSON: https://secwatch.observer/filing/0001104659-22-127167.json
- Plain text: https://secwatch.observer/filing/0001104659-22-127167.txt

## Key facts
- Debt Financings
  ELUTIA INC. incurred term loan of $4.0 million with SWK Funding LLC.
  - Instrument: term loan
  - Principal: $4.0 million
  - Counterparty: SWK Funding LLC
  - Event: incurrence
  source text: On December 13, 2022, Aziyo Biologics, Inc. (the “Company”) elected to draw the additional term loan of $4.0 million (the “Subsequent Term Loan”) under its previously disclosed Credit Agreement, dated as of August 10, 2022 (as amended, restated, supplemented, or otherwise modified prior to the date hereof, the “Credit Agreement”), by and among the Company, as the Borrower, and its subsidiaries, as the other loan parties, the financial institutions party thereto from time to time as lenders, and SWK Funding LLC, as administrative agent and collateral agent for all lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708527/000110465922127167/0001104659-22-127167-index.htm

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