Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 359

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 359
---
 issuance of the SAFEs and common stock warrants, which were expensed when incurred. The SAFEs and common stock warrants are classified as liabilities and are measured at fair value on a recurring basis.

2022 Promissory Note

In February 2025, we paid $198.1 million to settle the 2022 Promissory Note and recognized a $20.5 million loss on the debt extinguishment.

Warehouse Credit Facility

We incurred incremental upfront commitment fees in connection with extending the maturity date of the Warehouse Credit Facility through February 18, 2028. The upfront commitment fees are capitalized and amortized over the remaining term.

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ABL Facility

In March 2025, we executed an asset-based lending revolving line of credit with Citibank (“ABL Facility”) for a term through March 2028. The ABL Facility has a borrowing limit of $100.0 million. The available borrowings are based on eligible U.S. and UK travel receivables. Issuance fees incurred in connection with the ABL Facility are capitalized and amortized over the term.

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# PART II

### INFORMATION NOT REQUIRED IN PROSPECTUS

## ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
The following table sets forth all costs and expenses to be paid by the Registrant, other than underwriting discounts and commissions, in connection with the sale of Class A common stock being registered hereby. All amounts shown are estimates except for the Securities and Exchange Commission, or the SEC, registration fee, the Financial Industry Regulatory Authority, or FINRA, filing fee and the listing fee:

|                                                |     |   |     | Amount Paid or to be Paid |     |   |
|:-----------------------------------------------|:----|:--|:----|:--------------------------|:----|:--|
| SEC registration fee                           |     | $ |     | *                         |     |   |
| FINRA filing fee                               |     |   |     |                           |     | * |
| Listing fee                                    |     |   |     |                           |     | * |
| Printing and engraving expenses                |     |   |     |                           |     | * |
| Legal fees and expenses                        |     |   |     |                           |     | * |
| Accounting fees and expenses                   |     |   |     |                           |     | * |
| Transfer agent and registrar fees and