Lantheus expands Bedford lease by 41,655 sq ft; total rent ~$83.4M over 15 yrs 4 mo

Lantheus Holdings, Inc.

Lease amendment adds 41,655 rentable sq ft in north building for office/lab use; term 15 years 4 months.
Existing 46,526 sq ft lease extended to match new term; aggregate rent ~$83.4M plus operating costs.
Landlord to reimburse up to $11.4M for tenant improvements; Lantheus Holdings guarantees obligations.
Company has two options to extend lease for additional five years each.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lantheus Holdings, Inc. amended Lease Amendment with 201 Burlington Road Owner, LLC valued at approximately $83.4 million (effective 2023-05-04).

Action: amendment
Agreement: lease
Counterparty: 201 Burlington Road Owner, LLC
Value: approximately $83.4 million
Effective: 2023-05-04

Exact text from the filing

On May 4, 2023, Lantheus Medical Imaging, Inc. (the “ Company ”), a wholly owned subsidiary of Lantheus Holdings, Inc. (the “ Registrant ”), entered into a First Amendment To Lease (the “ Lease Amendment ”) with 201 Burlington Road Owner, LLC (the “ Landlord ”), which amends the Company’s existing Office Lease with the Landlord dated February 14, 2022

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Lantheus Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-135979

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