debt
confidence high
sentiment positive
materiality 0.65
Maravai prepays $228M of term loan; remaining balance ~$300M
MARAVAI LIFESCIENCES HOLDINGS, INC.
- Voluntarily prepaid $228M aggregate principal of term loan using cash on hand.
- Remaining term loan principal balance after prepayment is approximately $300M.
- No prepayment penalties incurred on the prepayment.
- $167M in aggregate borrowing capacity remains available under the revolver.
- Prepayment reduces debt and future interest expense; no change to credit agreement.