08:00 AM EDT, 10/02/2024 (MT Newswires) -- Emergent Biosolutions ( EBS ) said Wednesday it entered into a new credit agreement for an asset-based revolving loan facility, effective Sept. 30, with Wells Fargo Bank as administrative agent.

The credit agreement provides for revolving loan commitments of up to $100 million with a maturity date of 2029, the company said.

As of Sept. 30, Emergent said it had a cash balance of $150 million and undrawn access to $100 million under the loan facility.

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