08:44 AM EDT, 08/04/2025 (MT Newswires) -- Bioventus ( BVS ) said Monday it has entered into a $400 million senior secured credit agreement maturing July 31, 2030.

The new credit agreement consists of a $300 million term loan facility and a $100 million revolving credit facility, which was increased from $40 million under the company's 2019 credit facility, with the applicable interest margin reduced by 75 basis points.

Bioventus ( BVS ) said it repaid its obligations under its 2019 credit agreement using $30 million drawn on the new revolving credit facility, along with $3 million of cash on the company's balance sheet and the new $300 million term loan.