Loan & DebtJul 1, 2026, 08:02 AM
Alvotech Secures $75M Term Loan Facility from GoldenTree
AI Summary
Alvotech announced it has secured an additional $75 million term loan facility, led by GoldenTree Asset Management, maturing on December 31, 2027. This financing, bearing a 12.50% interest rate, strengthens the company's financial position following a recent $165 million equity raise. Including the equity financing and the undrawn loan facility, Alvotech has secured access to $240 million in new capital to support its growth strategy, including advancing its biosimilar pipeline and expanding global commercial operations.
Key Highlights
- Alvotech secured an additional $75 million term loan facility.
- The facility matures on December 31, 2027, and is led by GoldenTree Asset Management.
- It bears an interest rate of 12.50%, payable monthly in cash.
- This follows a recent $165 million equity capital raise.
- Total new capital secured, including the undrawn facility, is $240 million.
- Funds will support the R&D pipeline, product launches, and global commercial operations.
Price Impact
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