---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-007995"
form_type: "8-K"
ticker: "LQDA"
cik: "0001819576"
company_name: "Liquidia Corp"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:44:24.294823+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Liquidia terminates SVB loan with $22.4M payoff; closes initial $32.5M of $100M revenue interest financing

## Summary
- On Jan 27, 2023, Liquidia terminated its Amended and Restated Loan and Security Agreement with Silicon Valley Bank.
- Payoff amount of $22,356,635 paid to SVB, including a $1.0 million prepayment fee; all liens released.
- Termination occurred in connection with the Revenue Interest Financing Agreement with HealthCare Royalty Partners for up to $100M.
- Initial closing of $32.5M funded on same date; new financing replaces prior debt.

## SEC filing metadata
- accession: 0001104659-23-007995
- form_type: 8-K
- ticker: LQDA
- cik: 0001819576
- company_name: Liquidia Corp
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/0001104659-23-007995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/tm232655d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-007995
- JSON: https://secwatch.observer/filing/0001104659-23-007995.json
- Plain text: https://secwatch.observer/filing/0001104659-23-007995.txt

## Key facts
- Material Agreements
  Liquidia Corp terminated Amended and Restated Loan and Security Agreement with Silicon Valley Bank valued at payoff amount of $22,356,635 (effective 2023-01-27).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: payoff amount of $22,356,635
  - Effective: 2023-01-27
  source text: On the Initial Closing Date, the SVB Loan was terminated upon the receipt by SVB of a payoff amount of $22,356,635 from the Company Group.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/0001104659-23-007995-index.htm

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