debt
confidence high
sentiment neutral
materiality 0.50
Maravai extends $167M revolver maturity by five years via credit amendment
MARAVAI LIFESCIENCES HOLDINGS, INC.
- Maravai entered Third Amendment on Sep 10, 2024 to extend $167M revolver maturity from Oct 2025 to five years later, subject to springing maturity tied to term loan (Oct 2027).
- Revolving facility remains undrawn; amendment effective upon customary conditions including 0.65% commitment fee on $167M facility.
- If conditions not satisfied or waived by Oct 8, 2024, amendment will not take effect and no fee is due.
- Amendment also terminates AXA's commitment and converts all existing revolver commitments to extended commitments under new terms.