Alvotech secured a $75 million term loan facility maturing Dec 31, 2027, led by GoldenTree, strengthening liquidity after a recent $165 million equity raise.
Key takeaways
Alvotech amended its credit agreement to add a $75 million term loan facility maturing Dec 31, 2027.
The loan is led by GoldenTree Asset Management and bears 12.50% interest payable monthly.
Combined with a recent $165 million equity raise, Alvotech secured access to $240 million in new capital.
Proceeds will support R&D pipeline, product launches, and global commercial operations.