Avantor, Inc. - Amendment to Credit Agreement and New Term Loans

On July 14, 2026, Avantor, Inc. announced an amendment to its credit agreement through its subsidiary, Avantor Funding, Inc. This amendment, specifically Amendment No. 15, introduces a new tranche of senior secured Euro-denominated term loans totaling €374,208,296.62. These new loans, referred to as the Incremental B-7 Euro Term Loans, will bear interest at a rate of EURIBO Rate plus 2.00% per annum. The primary purpose of this financial move is to replace and refinance existing senior secured euro term loans that carried a slightly higher interest rate (EURIBO Rate plus 2.50%) and were set to mature on October 9, 2032. The final maturity date for the new Incremental B-7 Euro Term Loans remains October 9, 2032. The amendment also includes a prepayment premium of 1.00% if the new loans are prepaid, replaced, or refinanced within six months of the effective date with indebtedness having a lower effective yield, excluding certain strategic transactions like change of control or transformative acquisitions. The new loans are secured by the same collateral and guaranteed by the same subsidiaries as the existing credit facilities, maintaining a pari passu basis. This transaction aims to optimize Avantor's debt structure and potentially lower its borrowing costs.