Babylon Holdings Limited entered into a senior secured term loan facility with AlbaCore Capital for up to an additional $34.5 million in funding, provided on similar pricing terms to the company’s original bridge facility.
The interim funding will provide liquidity to support Babylon’s operations and enable Babylon to proceed with a proposed longer-term funding and take-private solution. Under the agreement, Babylon and AlbaCore expect to proceed with a restructuring and recapitalization that will strengthen Babylon’s balance sheet. Read more.
