12:10 PM EDT, 07/08/2024 (MT Newswires) -- West Pharmaceutical Services ( WST ) said Monday it amended its existing credit agreement to establish an incremental term loan in the stated principal amount of $130 million.

The loan was fully drawn at closing and matures July 2, 2027, according to a filing with the US Securities and Exchange Commission on Jul. 2.

West Pharmaceutical said it used the proceeds from the loan to help repay an outstanding term loan of about $80 million and to repay $53 million of its 3.82% series B senior notes due Jul. 5, according to the filing.

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