FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


JPMorgan Chase Agents New $90MM Asset-Based Credit Facility for Myriad Genetics

July 07, 2023, 08:00 AM
Filed Under: Medical

Myriad Genetics, a leader in genetic testing and precision medicine, established a new $90 million asset-based credit facility with JPMorgan Chase Bank as administrative agent and issuing bank, and the other lender parties thereto consisting of Wells Fargo Bank and Bank of America. The ABL Facility includes an option to increase the maximum principal amount by up to $25 million for a total of $115 million.

“This new ABL Facility will provide additional financial flexibility to support Myriad Genetics’ growth strategy,” commented Paul Diaz, President and Chief Executive Officer.

The ABL Facility replaces the Company’s previous credit facility and matures on June 30, 2026. The ABL Facility is secured by substantially all of the assets of Myriad Genetics and its subsidiaries.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.