From GlobeNewswire: 2024-09-03 07:08:00

Emergent BioSolutions Inc. closed a new $250 million credit facility agreement with Oak Hill Advisors, using part of the proceeds to repay outstanding loans. The New Term Loan extends up to five years and will provide excess cash to the balance sheet. Emergent terminated obligations under the Prior Credit Agreement and issued warrants to lenders for 2.5 million shares. CEO Joe Papa highlighted the company’s efforts to strengthen their financial profile, reduce debt by over $200 million, and secure favorable terms for future growth. Oak Hill Advisors is excited to support Emergent’s growth plans and critical product offerings through this partnership.



Read more at GlobeNewswire: Emergent BioSolutions Successfully Refinances Debt &