---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-114263"
form_type: "8-K"
ticker: "SVRA"
cik: "0001160308"
company_name: "Savara Inc"
filed_at: "2022-04-22T23:59:59+00:00"
generated_at: "2026-06-26T05:16:37.617604+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Savara enters $26.5M term loan facility with Silicon Valley Bank; refinances prior debt

## Summary
- Amended and restated loan agreement provides $26.5M term loan, refinancing all outstanding obligations under prior facility.
- Interest-only period through April 2026; if cash >1.75x outstanding, extends to maturity in April 2027.
- Floating interest rate: greater of 3% or prime minus 0.5%; final payment of 2.75% of principal.
- Secured by substantially all assets except intellectual property; prepayment fee 4.25% in first year, 1% in second, none thereafter.
- Cash covenant: if balance falls below $40M, must maintain 6 months operating expenses and 1.2x loan principal (1.75x in final year if extended).

## SEC filing metadata
- accession: 0001193125-22-114263
- form_type: 8-K
- ticker: SVRA
- cik: 0001160308
- company_name: Savara Inc
- filed_at: 2022-04-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1160308/000119312522114263/0001193125-22-114263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1160308/000119312522114263/d356716d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-114263
- JSON: https://secwatch.observer/filing/0001193125-22-114263.json
- Plain text: https://secwatch.observer/filing/0001193125-22-114263.txt

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