Item 1.01. Entry into a Material Definitive Agreement OnJanuary 19, 2022 , certain subsidiaries ofMaravai LifeSciences Holdings, Inc. (the "Company") entered into Amendment No. 2 (the "Amendment") to the Credit Agreement, dated as ofOctober 19, 2020 , amongMaravai Intermediate Holdings, LLC ,Cygnus Technologies, LLC andTrilink Biotechnologies, LLC , as the borrowers,Maravai Topco Holdings, LLC , as holdings, the lenders from time to time party thereto andMorgan Stanley Senior Funding, Inc. , as administrative and collateral agent (as amended, supplemented or otherwise modified, the "Credit Agreement"). The Amendment replaces the LIBOR (London Interbank Offered Rate) based interest rate with a Term SOFR (Secured Overnight Financing Rate) based rate. The Amendment also reduces the interest rate margins applicable to the term and revolving facilities under the Credit Agreement. The previous interest rate margin on the facilities was, with respect to each LIBOR-based loan, 3.75% to 4.25% and, with respect to each base rate-based loan, 2.75% to 3.25% (depending, in each case, on consolidated first lien leverage). Following the Amendment, the interest rate margin on the facilities is 3.00%, with respect to each Term SOFR-based loan, and 2.00%, with respect to each base rate-based loan. Further, the Amendment reduces the base rate floor for the term loans from 2.00% to 1.50%, sets the floor for Term SOFR-based term loans at 0.50% and sets the floor for Term SOFR-based revolving loans at 0.00%. No other significant terms under the Credit Agreement were changed in connection with the Amendment. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No. Description of Exhibit Amendment No. 2, dated as ofJanuary 19 ,
2022, to the Credit Agreement,
10.1 dated as ofOctober 19, 2020 , among Maravai
Cygnus Technologies, LLC , Trilink
Holdings, LLC andMorgan Stanley Senior Funding, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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