GeneDx Signs $100 Million Term Loan With Blackstone Credit and Wilmington Trust

Reuters03-02
GeneDx Signs $100 Million Term Loan With <a href="https://laohu8.com/S/BX">Blackstone</a> Credit and Wilmington Trust

GeneDx Holdings Corp. entered into a new $100 million term loan agreement on Feb. 27, 2026 with lenders represented by Blackstone Alternative Credit Advisors LP and Blackstone Life Sciences Advisors L.L.C., with Wilmington Trust, National Association as agent. The loan, priced at Term SOFR plus 4.50% with a 1.50% SOFR floor and maturing five years from closing, was used to repay the company’s existing term loan under its October 2023 credit agreement and is expected to support other balance sheet optimization initiatives and general corporate purposes. The facility is guaranteed by certain subsidiaries and secured by a first-lien interest in substantially all assets, and includes a $50 million minimum liquidity covenant.

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