SPX3,933.92-7.34 -0.19%
DIA336.44-0.02 -0.01%
IXIC10,958.55-56.34 -0.51%

Alvotech Secures Financing Facilities Of ~$136M

Benzinga · 11/16/2022 07:28
  • Existing senior bonds upsized by $70 million with additional investment from a consortium of institutional investors


     
  • Alvotech acquires the Reykjavik manufacturing facility, previously utilized under a long-term lease agreement, and secures approximately $16 million, at current exchange rates, in gross loan proceeds through refinancing of secured loan facility


     
  • Alvotech secures $50 million in financing in the form of an unsecured subordinated loan facility from Alvogen