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
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Emergent Biosolutions has secured a new credit facility agreement with Oak Hill Advisors for a term loan of up to $250 million, extending maturity to August 2029. This refinancing replaces a previous loan maturing in 2025, adding cash to Emergent's balance sheet.
September 03, 2024 | 11:16 am
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Emergent Biosolutions has refinanced its debt with a new $250M term loan from Oak Hill Advisors, extending the maturity to 2029 and adding cash to its balance sheet.
The refinancing of debt with a new term loan extends the maturity date, providing financial stability and additional cash reserves. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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