debt
confidence high
sentiment positive
materiality 0.65
Alkermes amends credit agreement, cuts interest spreads on TLA and TLB facilities
Alkermes plc.
- TLA facility $745.3M and TLB $773.1M outstanding; TLA spread cut 0.75%, TLB 0.50% on Aug 12, 2026.
- TLA margin now SOFR +1.75%-2.25% or ABR +0.75%-1.25% based on secured net leverage ratio.
- TLB margin now SOFR +2.25% or ABR +1.25%; maturities unchanged: TLA Feb 2031, TLB Aug 2031.
- Amendment with JPMorgan as admin agent and BofA as joint lead arranger; other terms unchanged.