OHA is the administrative agent and sole lender for Emergent BioSolutions Debt Refinancing

New York, New York, Sept. 4, 2024 (GLOBE NEWSWIRE) — Oak Hill Advisors (“OHA”) served as administrative agent and sole lender on a $250 million term loan to support Emergent BioSolutions Inc. (“Emergent”) (NYSE: EBS), a global company delivering life-saving and life-extending products that address public health threats. The new debt financing will refinance Emergent’s existing credit facility and represent a significant step in its multi-year plan to stabilize its financial profile.

In connection with the execution of the Term Loan, Emergent OHA issued 2.5 million warrants, in addition to shares of common stock with an aggregate value of $10 million. Both the number of shares and the warrant exercise prices are calculated based on the volume-weighted average price per share for the 30 trading days ending on, but excluding, the 10th business day after the closing date.