Maravai LifeSciences to launch $750 million credit facilities Tuesday

By Sara Rosenberg

New York, Oct. 2 – Maravai LifeSciences is scheduled to hold a lender call at 1 p.m. ET on Tuesday to launch $750 million of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc., Goldman Sachs Bank USA, Jefferies LLC and Antares Capital LP are the leads on the deal.

The facilities consist of a $150 million revolver and a $600 million first-lien term loan B, the source said.

Proceeds will be used to refinance existing debt, fund the repurchase of an existing Cygus minority interest, fund a distribution to shareholders, and pay transaction fees and expenses.

Maravai, a GTCR portfolio company, is a San Diego-based provider of life science reagents and services to researchers and biotech innovators.

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