Celularity Inc (CELU): debt financing — Celularity enters $3M loan agreement with CEO Hariri and other lenders

Celularity Inc

Loan $3M aggregate from CEO Dr. Robert Hariri ($1M) and two unaffiliated lenders at 15% annual interest.
First-year interest paid in kind monthly; matures August 21, 2024.
Mandatory prepayment upon receiving gross proceeds of $4.5M or more from a subsequent transaction.
Proceeds used for working capital and general corporate purposes.
Customary negative covenants include restrictions on additional indebtedness and liens.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Celularity Inc incurred loan of $3.0 million with Dr. Robert Hariri and two unaffiliated lenders at 15% per year maturing August 21, 2024.

Instrument: loan
Principal: $3.0 million
Counterparty: Dr. Robert Hariri and two unaffiliated lenders
Rate: 15% per year
Maturity: August 21, 2024
Event: incurrence

Exact text from the filing

On August 21, 2023, Celularity Inc., or Celularity, entered into a Loan Agreement with its Chairman and Chief Executive Officer, Dr. Robert Hariri, and two unaffiliated lenders, providing for a loan in the aggregate principal amount of $3.0 million (of which Dr. Hariri contributed $1.0 million), or the Loan.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Celularity Inc entered into Loan Agreement with Dr. Robert Hariri and two unaffiliated lenders valued at $3.0 million (effective 2023-08-21).

Action: entry
Agreement: credit facility
Counterparty: Dr. Robert Hariri and two unaffiliated lenders
Value: $3.0 million
Effective: 2023-08-21

Exact text from the filing

On August 21, 2023, Celularity Inc., or Celularity, entered into a Loan Agreement with its Chairman and Chief Executive Officer, Dr. Robert Hariri, and two unaffiliated lenders, providing for a loan in the aggregate principal amount of $3.0 million

View on SEC.gov

114 debt financings filed in the last 30 days. Browse all debt financings →

Celularity Inc filing history →

Source: SEC EDGAR

accession 0001193125-23-221469

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.