---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-154186"
form_type: "8-K"
ticker: "EQ"
cik: "0001746466"
company_name: "Equillium, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:44:34.359318+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Equillium repays $6.8M loan from Oxford Finance and Silicon Valley Bank, terminates agreement

## Summary
- Prepaid all amounts under Loan and Security Agreement dated September 30, 2019 with Oxford Finance LLC and Silicon Valley Bank.
- Total repayment of approximately $6.8 million, including $6.2M principal and interest, $62K prepayment premium, and $0.5M final fee.
- No material relationship between Equillium or affiliates and the lenders beyond the loan agreement.
- Company eliminates debt obligation, potentially improving balance sheet flexibility.

## SEC filing metadata
- accession: 0001193125-23-154186
- form_type: 8-K
- ticker: EQ
- cik: 0001746466
- company_name: Equillium, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746466/000119312523154186/0001193125-23-154186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746466/000119312523154186/d645049d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-154186
- JSON: https://secwatch.observer/filing/0001193125-23-154186.json
- Plain text: https://secwatch.observer/filing/0001193125-23-154186.txt

## Key facts
- Material Agreements
  Equillium, Inc. terminated Loan Agreement with Oxford Finance LLC and Silicon Valley Bank valued at total of approximately $6.8 million (effective 2023-05-25).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Oxford Finance LLC and Silicon Valley Bank
  - Value: total of approximately $6.8 million
  - Effective: 2023-05-25
  source text: On May 25, 2023, Equillium, Inc. (the “Company”), prepaid in full all amounts due and owing under, and terminated, the Loan and Security Agreement dated as of September 30, 2019 (as amended from time to time, the “Loan Agreement”) among Oxford Finance LLC, as collateral agent, the certain lenders, including Oxford Finance LLC and Silicon Valley Bank (the “Lenders”), the Company, and Bioniz Therapeutics, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746466/000119312523154186/0001193125-23-154186-index.htm

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