Janel increases acquisition credit facility commitments by $15 million

By Public Technologies
  • Janel increased acquisition facility commitments by $15 million on October 16, 2026, under its senior secured credit agreement with Santander Bank-led lenders.
  • Lenders immediately funded $11 million, used toward the EnCor Biotechnology acquisition on October 20, 2026.
  • Subsidiary Antibodies Incorporated paid $11.96 million cash for EnCor, issuing a $5.04 million subordinated promissory note dated October 20, 2026.
  • The amendment added an excess cash flow mandatory prepayment provision to the senior secured credit agreement.
  • Lenders waived acquisition restrictions; EnCor joined the Senior Credit Facility as a borrower upon completion.


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