Avantor Credit Agreement

Avantor, a leading global provider of products, services and solutions to professionals in the life sciences and advanced technologies industries, recently announced that it has entered into a new credit agreement.

The agreement, which is worth $2.025 billion, consists of a $1.3 billion term loan and a $725 million revolving credit facility. The term loan will be used to refinance existing debt, while the revolving credit facility will be used for general corporate purposes.

Avantor`s new credit agreement is structured to support the company`s growth strategy, including investments in digital and e-commerce capabilities, geographic expansion, and strategic acquisitions. It also includes provisions that support Avantor`s commitment to sustainability and social responsibility.

As part of the agreement, Avantor has also secured lower interest rates, a more flexible covenant package, and increased borrowing capacity.

“We are pleased to have secured this new credit agreement, which provides us with greater financial flexibility and supports our growth strategy,” said Michael Stubblefield, Avantor`s Chief Financial Officer. “This agreement reflects the confidence of our lenders in our business and our ability to execute on our strategic priorities.”

Overall, Avantor`s new credit agreement is a positive development for the company and its stakeholders. With the additional financial flexibility it provides, Avantor can continue to invest in its growth and innovation, fueling its position as a leader in the life sciences and advanced technologies industries.