Market Overview

Maravai LifeSciences Executes Refinancing, Looks to Continue Expansion


Maravai LifeSciences, a leader in providing reagents to researchers,
biotherapeutics manufacturers and OEM partners worldwide, announced
today that it has completed a new debt financing that was enabled by the
company's strong historical financial performance. In addition to
refinancing Maravai's existing debt at a lower interest rate, the new
issuance also provides Maravai access to an additional $50 million of
capital to support future growth investments in the company's three key
life science segments – bioprocess impurity testing, oligonucleotide
synthesis and protein detection.

"We are very pleased with the terms of this debt refinancing, which was
completed with the expertise of J.P. Morgan, Antares Capital and Carlyle
Global Credit, coupled with the ongoing support of GTCR, our lead equity
partner," said Carl Hull, Maravai's CEO. "This new debt structure
provides us increased financial flexibility to execute our growth
strategy while also lowering our overall weighted cost of capital."

J.P. Morgan acted as lead arranger along with Antares Capital and
Carlyle Global Credit as joint arrangers.

About Maravai LifeSciences

Maravai LifeSciences companies provide reagents and services to life
science researchers and commercial partners to enable breakthrough
discoveries and improvements in human health. Maravai's products are
used broadly by academic researchers investigating cancer and other
diseases, firms developing new genetic therapies, biopharmaceutical
partners validating and monitoring manufacturing processes and by OEM
partners who incorporate Maravai offerings into their own products. The
Maravai portfolio focuses on bioprocess impurity testing,
oligonucleotide synthesis and protein detection. Maravai is a portfolio
company of GTCR, a leading private equity firm focused on investing in
growth companies in financial services, technology and information
services and healthcare.

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