---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-000261"
form_type: "8-K"
ticker: "ZLAB"
cik: "0001704292"
company_name: "Zai Lab Ltd"
filed_at: "2025-01-03T23:59:59+00:00"
generated_at: "2026-05-28T14:37:52.298479+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Zai Lab secures RMB300M ($41.1M) revolving credit facility from Bank of Communications

## Summary
- Guarantee and loan contract signed Jan 2, 2025 with BOCOM for working capital loans to subsidiary Zai Lab Shanghai.
- Facility available until Sep 26, 2025; each loan term up to 12 months, maturity no later than Mar 26, 2026.
- Interest rate set at one-year LPR minus 35 bps, adjusted quarterly.
- Covenants include BOCOM consent for M&A, equity transfers, or debt financing exceeding RMB1.5B (~$205.5M).
- No working capital loans drawn under the facility as of filing date.

## SEC filing metadata
- accession: 0001628280-25-000261
- form_type: 8-K
- ticker: ZLAB
- cik: 0001704292
- company_name: Zai Lab Ltd
- filed_at: 2025-01-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704292/000162828025000261/0001628280-25-000261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704292/000162828025000261/zlab-20250102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-000261
- JSON: https://secwatch.observer/filing/0001628280-25-000261.json
- Plain text: https://secwatch.observer/filing/0001628280-25-000261.txt

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