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Alvotech Secures Financing Facilities Of ~$136M

Existing senior bonds upsized by $70 million with additional investment from a consortium of institutional investors   Alvotech acquires the Reykjavik manufacturing facility, previously utilized
byBenzinga Newsdesk
November 16, 2022
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  • Existing senior bonds upsized by $70 million with additional investment from a consortium of institutional investors

     

  • Alvotech acquires the Reykjavik manufacturing facility, previously utilized under a long-term lease agreement, and secures approximately $16 million, at current exchange rates, in gross loan proceeds through refinancing of secured loan facility

     

  • Alvotech secures $50 million in financing in the form of an unsecured subordinated loan facility from Alvogen
 
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