Moderna extends $1.5 billion Ares credit facility maturity to 2031
MRNA•Moderna amended its $1.5 billion credit facility with Ares Management Credit Funds, extending maturity by one year to 2031. The remaining $900 million in borrowing capacity remains available through 2029, and the rate on drawn amounts was reduced by 75 basis points.
1. Facility terms amended
Moderna amended its $1.5 billion credit facility with Ares Management Credit Funds. The maturity was extended by one year to 2031, while the remaining $900 million in borrowing capacity will remain available through 2029. The interest rate on drawn amounts was reduced by 75 basis points.
