secwatch.observer — SEC 8-K summary
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Issuer:     Annexon, Inc. (ANNX)
CIK:        0001528115
Form:       8-K
Filed at:   2026-07-30T20:25:02+00:00
Accession:  0001193125-26-326199
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Annexon secures up to $200M credit facility from Oxford Finance; draws $50M initially
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- Up to $200M term loan facility with Oxford Finance; initial $50M drawn on July 30, 2026.
- Additional $100M available upon milestones for vonaprument and tanruprubart programs; $50M uncommitted tranche subject to lender approval.
- Floating interest rate: greater of 1-month SOFR+4.6% or 7.60% per annum.
- Maturity July 2031 or June 2032 depending on milestones; interest-only period through Sept 2029 (extendable).
- Proceeds for working capital and general business; secured by substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528115/000119312526326199/0001193125-26-326199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528115/000119312526326199/d113783d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-326199

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