West Pharmaceutical draws $200M term loan in $950M refinancing
West Pharmaceutical Services has secured a new $950 million unsecured credit facility, including a $200 million term loan and a $750 million revolving credit line, with Bank of America as the administrative agent. This refinancing replaces their 2019 credit agreement and aims to provide liquidity for working capital, acquisitions, stock repurchases, and debt repayment. The move reflects the company's strong sales growth and continued investment in injectable drug delivery capacity.
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