Alvotech enters refinancing agreement with $965M term loan facility [Seeking Alpha]
Alvotech (ALVO)
Company Research
Source: Seeking Alpha
cost of capital, address upcoming debt maturities in 2025 and enhance its financial flexibility by adding incremental cash to the balance sheet. With the transaction, Alvotech ( ALVO ) obtains financing from experienced healthcare investors who share the company's confidence in its expected near-term product launches and pipeline progress. Alvotech ( ALVO ) has entered into an agreement with the Lenders for a senior secured first lien term loan facility of up to $965M, in two tranches. The first tranche, a first lien $900M term loan bears an interest rate of SOFR plus 6.5% per annum and a $65M first lien, second out term loan drawable at discretion. The company intends to use the proceeds to refinance various outstanding debt obligations, including those maturing in 2025. Recommended For You More Trending News About ALVO Stock Related Stocks Trending Analysis Trending News
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News
- Alvotech and Advanz Pharma Sign Commercialization Agreement for Proposed Biosimilar to Eylea® LD/HD in Europe [Yahoo! Finance]Yahoo! Finance
- Alvotech and Advanz Pharma Sign Commercialization Agreement for Proposed Biosimilar to Eylea® LD/HD in EuropeGlobeNewswire
- Alvotech and Stada add to strategic alliance through denosumab partnership [Seeking Alpha]Seeking Alpha
- Alvotech and STADA add to strategic alliance through denosumab partnership [Yahoo! Finance]Yahoo! Finance
- Alvotech and STADA add to strategic alliance through denosumab partnershipGlobeNewswire
ALVO
Earnings
- 5/21/24 - Miss
ALVO
Sec Filings
- 6/18/24 - Form 6-K
- 6/14/24 - Form 6-K
- 6/14/24 - Form 424B5
- ALVO's page on the SEC website