Biopharma Credit : Update on New Investment

1 May 2018

biopharma credit plc

update on new investment

BioPharma Credit PLC (LSE: BPCR), the specialist life sciences debt investor, would like to provide additional information on the investment which was initially disclosed on April 23, 2018. BPCR is pleased to announce that today it closed and funded a senior-secured term loan to Sebela BT Holdings Inc., a subsidiary of Sebela Pharmaceuticals. BPCR is the lead investor and collateral agent for the US$316 million loan and invested US$194 million alongside co-investors providing US$122 million. Key terms of the financing include a five-year final maturity, a high single-digit floating coupon, and amortization beginning after the 3^rd quarter of 2018.

Sebela Pharmaceuticals is a private specialty pharmaceutical company focused on gastro-intestinal (GI) medicines, dermatology, and women's health with pro-forma sales of approximately $250 million. Total leverage on Sebela is less than 4 times Debt to EBITDA.

'We are pleased to be partnering with Sebela as they build a leading specialty pharmaceutical business', said Pedro Gonzalez de Cosio, Managing Member of Pharmakon Advisors.

-Ends-

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Company Secretary

Enquiries:

Buchanan

David Rydell/Mark Court/Jamie Hooper/Henry Wilson

+44 (0) 20 7466 5000

Biopharmacredit@buchanan.uk.com

Notes to Editors:

BioPharma Credit PLC is London's only listed specialist investor in debt from the life sciences industry and joined the LSE on 27th March 2017. The Company seeks to provide long-term shareholder returns, principally in the form of sustainable income distributions from exposure to the life sciences industry. The Company seeks to achieve this objective primarily through investments in debt assets secured by royalties or other cash flows derived from the sales of approved life sciences products.

LEI: 213800AV55PYXAS7SY24

This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.