Alvotech Secures $100 Million Term Loan Led by GoldenTree Asset Management

Reuters01-01
<a href="https://laohu8.com/S/ALVO">Alvotech</a> Secures $100 Million Term Loan Led by GoldenTree Asset Management

Alvotech SA has secured a new USD 100 million senior term loan facility led by GoldenTree Asset Management, with a 2-year maturity ending in December 2027 and an interest rate of 12.50% payable monthly. This facility replaces Alvotech’s previous working capital arrangement and will provide the company with full access to the funds throughout the loan term, enhancing operational flexibility. The financing is intended to strengthen liquidity and support Alvotech’s R&D pipeline and global product launches through 2026. This follows other recent refinancing transactions, including a USD 108 million convertible bond issue and the repricing of an existing facility to SOFR plus 6.0% per annum.

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