National Resilience, a technology-focused biomanufacturing company dedicated to broadening access to complex medicines, secured long-term debt financing of up to $825 million from Oak Hill Advisors (OHA) to strengthen its balance sheet and fuel its growth plans. This new capital will enable Resilience to accelerate its CDMO business strategy and invest in its go-forward manufacturing operations anchored in Cincinnati and Toronto.
William S. Marth, president and CEO of Resilience, said, “This financing is a pivotal step forward for our enterprise and positions us well to advance our ongoing transformation efforts backed by favorable industry tailwinds in the CDMO sector. This new capital will support the continued buildout of our core manufacturing operations and enable us to serve our customers with stability and excellence into the future, particularly at a time when pharmaceutical onshoring is a national priority. Partnering with OHA and our supportive long-time shareholders, we are confident that Resilience now has the right focus, footprint and financial profile to capitalize on the exciting strategic growth opportunities ahead.”
Joe Goldschmid, managing director at OHA, said, “We believe Resilience is uniquely positioned to scale its advanced manufacturing capabilities and meet the increasing demand for complex medicines. Our investment reflects conviction in the company’s leadership team, strategic positioning and ability to generate long-term value in a sector undergoing rapid transformation. We look forward to supporting Resilience as it expands its footprint and strengthens its role in the global biomanufacturing ecosystem.”
The financing includes a $600 million first lien commitment from OHA. The initial tranche of $525 million is expected to be funded later in Q4/25, with the remainder of the financing in subsequent years as needed. Financing is subject to satisfaction of customary conditions.
In addition to obtaining the new term loan, Resilience has successfully resolved the lease obligations related to its underutilized sites, further optimizing its balance sheet.
Jefferies is serving as financial advisor and Kirkland & Ellis is serving as legal counsel to Resilience on the financing transaction.
