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Emergent Biosolutions Closed A New Credit Facility Agreement With Oak Hill Advisors For A Term Loan Of Up To $250M And Repaid Senior Term Loan Facility Dated October 15, 2018 Which Was Scheduled To Mature In May 2025

Author: Benzinga Newsdesk | September 03, 2024 07:16am

The New Term Loan maturity extends up to five years, through August 2029. Excess proceeds from the refinancing will result in additional cash to the balance sheet. Emergent also terminated its obligations under the senior term loan facility and the revolving credit facility under the Prior Credit Agreement.

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