---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-072757"
form_type: "8-K"
ticker: "ASAN"
cik: "0001477720"
company_name: "Asana, Inc."
filed_at: "2026-11-10T21:20:34+00:00"
generated_at: "2026-11-10T21:21:05.824895+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Asana signs $150M senior secured revolver with Wells Fargo; repays prior SVB facility

## Summary
- $150M senior secured revolving credit facility with Wells Fargo as administrative agent; sub-limits of $30M for letters of credit and $15M for swingline loans; matures Nov 9, 2031.
- Term SOFR loans at SOFR +2.00% (2.00%-2.50% after the Q4 FY2027 compliance certificate, tied to leverage); base rate +1.00%-1.50%; unused commitment fee 0.20%-0.30%.
- Financial covenants: consolidated total net leverage no greater than 3.25 to 1.00 and interest coverage no less than 3.00 to 1.00, tested quarterly.
- Secured by first-priority liens on substantially all assets and pledges of subsidiary equity; guaranteed by wholly owned subsidiary Eigen Inc. and future domestic subsidiaries.
- On Nov 6, 2026 Asana repaid in full its 2022 credit agreement with Silicon Valley Bank (a division of First-Citizens) using cash on hand; that facility and its liens were terminated.

## SEC filing metadata
- accession: 0001628280-26-072757
- form_type: 8-K
- ticker: ASAN
- cik: 0001477720
- company_name: Asana, Inc.
- filed_at: 2026-11-10T21:20:34+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477720/000162828026072757/0001628280-26-072757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477720/000162828026072757/asan-20261106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-072757
- JSON: https://secwatch.observer/filing/0001628280-26-072757.json
- Plain text: https://secwatch.observer/filing/0001628280-26-072757.txt

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