secwatch.observer — SEC 8-K summary
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Issuer:     Alkermes plc. (ALKS)
CIK:        0001520262
Form:       8-K
Filed at:   2026-08-12T13:26:48+00:00
Accession:  0001193125-26-345901
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkermes amends credit agreement, cuts interest spreads on TLA and TLB facilities
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520262/000119312526345901/0001193125-26-345901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520262/000119312526345901/alks-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-345901

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer