Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Alkermes plc. amended credit facility of up to $1,512,562,923.28 with JPMorgan Chase Bank, N.A. at Term SOFR Rate plus a margin of 3.00% per annum or Alternate Base Rate plus a ma maturing 364 days after the date on which the loans are funded under the Bridge Credit Facility.
- Instrument
- credit facility
- Principal
- up to $1,512,562,923.28
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- Term SOFR Rate plus a margin of 3.00% per annum or Alternate Base Rate plus a ma
- Maturity
- 364 days after the date on which the loans are funded under the Bridge Credit Facility
- Event
- amendment
Exact text from the filing
The Amended and Restated Bridge Credit Agreement increased commitments from those provided under the Existing Bridge Credit Agreement and, after giving effect to the increase, provides for a senior secured bridge term loan facility (the “Bridge Credit Facility”) in an aggregate principal amount of up to $1,512,562,923.28 that is available to finance the payment of Cash Consideration and fees and expenses related to the Acquisition. The commitments under the Bridge Credit Facility will be reduced by the net cash proceeds received by Alkermes or its subsidiaries in connection with debt and equity issuances and non-ordinary course asset dispositions, with certain exceptions specified in the Amended and Restated Bridge Credit Agreement. Loans under the Bridge Credit Facility will be available after the Amendment Date, subject to the satisfaction of certain conditions set forth in the Amended and Restated Bridge Credit Agreement, and will mature on the date that is 364 days after the date o
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