Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 392

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 392
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  $2,560 |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------:|
| 2027...................................................................................................................................................... |   5,121 |
| 2028...................................................................................................................................................... |   4,920 |
| 2029...................................................................................................................................................... |   4,902 |
| 2030...................................................................................................................................................... |   4,825 |
| Thereafter............................................................................................................................................     |  34,018 |
| Total.................................................................................................................................................     | $56,346 |

There were no impairments of intangible assets recognized during the six months ended July 31, 2025 and 2024 . NOTE 7 – DEBT The Company had the following debt outstanding (in thousands):

|                                                                                                                              |         As of |     |                 |
|                                                                                                                              | July 31, 2025 |     | January 31,2025 |
| Convertible notes....................................................................................................        |      $125,000 |     |        $125,000 |
| SAFEs....................................................................................................................... |       163,000 |     |               — |
| Warehouse credit facility........................................................................................            |       148,174 |     |         214,238 |
| Trade loan facility....................................................................................................      |             — |     |          45,000 |
| ABL facility...............................................................................................................  |        34,500 |     |               — |
| Notes payable:                                                                                                               |               |     |                 |
| 2022 promissory note........................................................................................                 |             — |     |         150,000 |
| Vista facility.........................................................................................................      |       130,000 |     |               — |
| Other debt...........................................................................................................        |         1,823 |     |             968 |
| Total notes payable................................................................................................          |       131,823 |     |         150,968 |
| Total principal amount of debt and borrowings..................................................                              |       602,497 |     |         535,206 |
| Less: unamortized debt discount and issuance costs.............................                                              |       -20,834 |     |         -11,324 |
| Plus: accrued interest...................................................................................                    |        78,097 |     |          94,056 |
| Net carrying value of debt and borrowings.........................................................                           |      $659,760 |     |        $617,938 |

Convertible Notes In June 2020 , we issued convertible notes of $125.0 million