Maravai LifeSciences Executes Refinancing, Looks to Continue Expansion
“We are very pleased with the terms of this debt refinancing, which was completed with the expertise of J.P. Morgan, Antares Capital and Carlyle Global Credit, coupled with the ongoing support of GTCR, our lead equity partner,” said Carl Hull, Maravai’s CEO. “This new debt structure provides us increased financial flexibility to execute our growth strategy while also lowering our overall weighted cost of capital.”
J.P. Morgan acted as lead arranger along with Antares Capital and Carlyle Global Credit as joint arrangers.
About Maravai LifeSciences
Maravai LifeSciences companies provide reagents and services to life science researchers and commercial partners to enable breakthrough discoveries and improvements in human health. Maravai’s products are used broadly by academic researchers investigating cancer and other diseases, firms developing new genetic therapies, biopharmaceutical partners validating and monitoring manufacturing processes and by OEM partners who incorporate Maravai offerings into their own products. The Maravai portfolio focuses on bioprocess impurity testing, oligonucleotide synthesis and protein detection. Maravai is a portfolio company of GTCR, a leading private equity firm focused on investing in growth companies in financial services, technology and information services and healthcare.
David Weber, 650-464-4908
Chief Commercial Officer
Source: Maravai LifeSciences