{"schema_version":"secwatch.filing_event.v1","accession":"0001789769-24-000106","form_type":"8-K","ticker":"TIL","cik":"0001789769","company_name":"Instil Bio, Inc.","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.640630+00:00","generated_at":"2026-05-28T23:44:48.278216+00:00","sec_items":["1.01","1.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Instil Bio subsidiary closes $85.6M term loan at 6.35% to refinance property debt","bullets":["Loan from Midland National Life Insurance Co., fixed 6.35% interest-only, 2-year term with 1-year extension option.","Proceeds used to repay all construction loans secured by Tarzana, CA facility (original June 2022 agreements).","Loan secured by first mortgage on property; generally non-recourse but with customary carveouts and full recourse for bankruptcy or unauthorized transfers.","Financial covenants: consolidated net worth ≥ $50M (excl. property) and minimum liquidity of $17.1M.","Prepayment penalty within first 12 months (make-whole); no penalty after."],"urls":{"canonical":"https://secwatch.observer/filing/0001789769-24-000106","json":"https://secwatch.observer/filing/0001789769-24-000106.json","markdown":"https://secwatch.observer/filing/0001789769-24-000106.md","text":"https://secwatch.observer/filing/0001789769-24-000106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789769/000178976924000106/0001789769-24-000106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789769/000178976924000106/til-20241220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:44:48.278216+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}