Transaction Reduces Catalent’s Annual Interest Expense and Lowers Blended Cost of Debt
TAMPA, Fla.–(BUSINESS WIRE)–Catalent, Inc., the leading global contract development and manufacturing organization (CDMO) dedicated to helping people live better and healthier lives, today announced the successful completion of a refinancing transaction to support continued growth and investments in its business to better support its customers. The refinancing includes a new $4.1 billion equivalent seven-year Term Loan B facility and a $600 million revolving credit facility, replacing the company’s existing Term Loan B. The refinancing is expected to reduce Catalent’s annual interest expense by approximately…