---
schema_version: "secwatch.filing_event.v1"
accession: "0001477720-22-000051"
form_type: "8-K"
ticker: "ASAN"
cik: "0001477720"
company_name: "Asana, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:44:53.809421+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Asana enters $150M credit facility with Silicon Valley Bank

## Summary
- New $150M credit facility includes $50M term loan and $100M revolving line (including $30M letter of credit).
- Proceeds used to refinance existing $35.4M credit facility; matures Nov 7, 2026.
- Financial covenants require consolidated adjusted quick ratio of 1.25:1.00 and minimum cash adjusted EBITDA tested quarterly.
- Obligations secured by substantially all assets of Asana and material subsidiaries.
- Silicon Valley Bank acts as issuing lender, administrative agent, and collateral agent.

## SEC filing metadata
- accession: 0001477720-22-000051
- form_type: 8-K
- ticker: ASAN
- cik: 0001477720
- company_name: Asana, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477720/000147772022000051/0001477720-22-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477720/000147772022000051/asan-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477720-22-000051
- JSON: https://secwatch.observer/filing/0001477720-22-000051.json
- Plain text: https://secwatch.observer/filing/0001477720-22-000051.txt

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