Alvotech SA Secures Lower Interest Rates on Senior Secured Term Loan, Reducing Payments by $8.2 Million

Reuters

06/26

<a href="https://laohu8.com/S/ALVO">Alvotech</a> SA Secures Lower Interest Rates on Senior Secured Term Loan, Reducing Payments by $8.2 Million

REYKJAVIK, ICELAND (June 26, 2025) - Alvotech SA (NASDAQ: ALVO, ALVO SDB), a global biotech company known for developing and manufacturing biosimilar medicines, has announced a reduction in the interest rate on its senior secured term loan facility. This agreement, made with its lenders, including GoldenTree Asset Management, will decrease Alvotech's interest payments by an estimated $8.2 million over the next year. The facility, originally consisting of two tranches totaling $965 million, has been restructured into a single tranche with a lower interest rate of SOFR plus 6.0% per annum. The move reflects Alvotech's improved financial performance and investor confidence in its future growth and product launches. As of June 25, 2025, the facility's balance stands at approximately $1,081 million, with a cash balance of around $152 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001114819-en) on June 26, 2025, and is solely responsible for the information contained therein.

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This agreement, made with its lenders, including GoldenTree Asset Management, will decrease Alvotech's interest payments by an estimated $8.2 million over the next year. The facility, originally consisting of two tranches totaling $965 million, has been restructured into a single tranche with a lower interest rate of SOFR plus 6.0% per annum. The move reflects Alvotech's improved financial performance and investor confidence in its future growth and product launches. As of June 25, 2025, the facility's balance stands at approximately $1,081 million, with a cash balance of around $152 million.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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This agreement, made with its lenders, including GoldenTree Asset Management, will decrease Alvotech's interest payments by an estimated $8.2 million over the next year. The facility, originally consisting of two tranches totaling $965 million, has been restructured into a single tranche with a lower interest rate of SOFR plus 6.0% per annum. The move reflects Alvotech's improved financial performance and investor confidence in its future growth and product launches. As of June 25, 2025, the facility's balance stands at approximately $1,081 million, with a cash balance of around $152 million.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001114819-en) on June 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BGHQF748.EUR","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250626:nNDL9GnQ1K:1","article_id":"2546820455","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546820455","pubTimestamp":1750925716,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"REYKJAVIK, ICELAND  - Alvotech SA , a global biotech company known for developing and manufacturing biosimilar medicines, has announced a reduction in the interest rate on its senior secured term loan facility. 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This agreement, made with its lenders, including GoldenTree Asset Management, will decrease Alvotech's interest payments by an estimated $8.2 million over the next year. The facility, originally consisting of two tranches totaling $965 million, has been restructured into a single tranche with a lower interest rate of SOFR plus 6.0% per annum. The move reflects Alvotech's improved financial performance and investor confidence in its future growth and product launches. As of June 25, 2025, the facility's balance stands at approximately $1,081 million, with a cash balance of around $152 million.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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