debt
confidence high
sentiment neutral
materiality 0.55
BioMarin enters $600M revolving credit facility maturing 2029, undrawn at closing
BIOMARIN PHARMACEUTICAL INC
- Entered $600M revolving credit facility with Citibank as administrative agent.
- Facility matures on August 28, 2029; no amounts drawn at closing.
- Interest: Term SOFR plus 112.5-175 bps or Base Rate plus 12.5-75 bps, based on leverage.
- Proceeds to finance working capital and general corporate purposes.
- Includes customary covenants restricting debt, liens, investments, and dividends.