Form 8-K BIOMARIN PHARMACEUTICAL For: Aug 28

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Go back to Form 8-K BIOMARIN PHARMACEUTICAL For: Aug 28

BioMarin Pharma (BMRN) Enters $600M Revolving Credit Facility

September 4, 2024 12:57 PM EDT

On August 28, 2024, BioMarin Pharma (NASDAQ: BMRN), entered into a Credit Agreement (the Credit Agreement) with Citibank, N.A., as Administrative Agent (Citibank or the Administrative Agent), and the Lenders party thereto (the Lenders).
The Credit Agreement provides for up to $600 million in revolving loans (the Revolving Credit Facility), none of which was drawn at closing. Subject to the satisfaction of certain conditions precedent, the Company will be entitled to draw funds at its discretion until the Revolving Credit Facility matures on August 28, 2029 (the Maturity Date), at which time all outstanding loans shall become due and payable and all... More