Amneal Pharmaceuticals Announces $600 Million Private Placement of Senior Secured Notes Due 2032

Reuters
07-25
Amneal Pharmaceuticals Announces $600 Million Private Placement of Senior Secured Notes Due 2032

Amneal Pharmaceuticals Inc. has announced that its subsidiary, Amneal Pharmaceuticals LLC, has priced a private offering of $600 million in senior secured notes due 2032, with an interest rate of 6.875%. The offering was adjusted down from an initially planned $750 million, in conjunction with an increase in the term loan facility. Concurrently, Amneal plans to borrow $2.1 billion in new seven-year term B loans under a new term loan facility. The proceeds from these financial activities will be used to refinance existing term B loans, repay outstanding amounts under the ABL facility, and cover related expenses. The notes, offered at 100% of their principal amount, are expected to close on August 1, 2025, subject to customary closing conditions.

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. Amneal Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-009253), on July 24, 2025, and is solely responsible for the information contained therein.

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