secwatch.observer — SEC 8-K summary
======================================

Issuer:     Liquidia Corp (LQDA)
CIK:        0001819576
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001104659-23-007995
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/0001104659-23-007995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/tm232655d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-007995

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer