Avantor entered into Amendment No. 15 to its Credit Agreement to add a €374.2 million tranche of senior secured Euro-denominated term loans. The Incremental B-7 Euro Term Loans bear interest at the floating EURIBO Rate plus 2.00% and replace prior euro term loans priced at EURIBO plus 2.50%, with the same final maturity of Oct 9, 2032. A 1.00% prepayment premium applies if the loans are repriced with lower-yield broadly syndicated term B debt within six months. The loans are guaranteed by existing subsidiaries and secured on a pari passu basis with existing credit facilities.
Agreement details:
- Agreement type: Senior secured Euro-denominated term loan tranche (Incremental B-7 Euro Term Loans)
- Counterparty: Goldman Sachs Bank USA, as Administrative Agent, and other lenders
- Signed / Effective: Jul 14 2026 / same
- Duration / Termination: Through Oct 09 2032
- Reason: Refinance euro term loans at a lower interest spread
Original SEC Filing:
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