OHA is Administrative Agent and Sole Lender for Emergent BioSolutions Debt Refinancing

Core Insights - Emergent BioSolutions Inc. has secured a $250 million term loan facility from Oak Hill Advisors to refinance its existing credit facility, marking a significant step in its multi-year financial stabilization plan [1][4] - The financing includes the issuance of 2.5 million warrants to OHA, valued at $10 million, with terms based on the average share price over a specified trading period [2] - The loan structure reflects OHA's strategic approach to assist companies facing complex financial situations [3] Company Actions - Over the past 18 months, Emergent has undertaken various measures to strengthen its balance sheet, including asset divestitures and resolving legacy issues [4] - The company aims to reduce net debt by over $200 million within the year, positioning itself for future growth and investment opportunities [4] Partnership and Support - Oak Hill Advisors expresses enthusiasm in partnering with Emergent, providing additional liquidity and flexibility to support the company's business plan and its mission to deliver life-saving products [4] - OHA has a long-standing reputation as a global credit-focused alternative asset manager, managing approximately $65 billion in capital across various credit strategies [5]