secwatch.observer — SEC 8-K summary
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Issuer:     PLIANT THERAPEUTICS, INC. (PLRX)
CIK:        0001746473
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0001193125-25-243619
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Pliant Therapeutics prepays $32.4M to fully terminate Oxford Finance Loan Agreement
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- Prepaid $32.4M on Oct 14, 2025, covering all principal, accrued interest, fees, and expenses under Loan Agreement with Oxford Finance LLC.
- Original facility was up to $150M; Pliant had drawn only $30M before the payoff.
- All obligations and covenants under the agreement were fully satisfied and the loan agreement terminated.
- Loan carried floating rate of greater of 1-month SOFR +5.25% or 8.75% floor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746473/000119312525243619/0001193125-25-243619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746473/000119312525243619/d14014d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-243619

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