Alkermes cuts interest spreads on $1.52 billion term loan facilities via credit agreement amendment

Alkermes entered an amendment on Aug. 12, 2026 to its Feb. 12, 2026 credit agreement with JPMorgan Chase Bank.

• The deal covers senior secured term loan A of $745.31 million, due Feb. 12, 2031, and term loan B of $773.06 million, due Aug. 12, 2031.
• The amendment cuts the interest spread by 0.75% on the term loan A facility and 0.5% on the term loan B facility.
• Term loan A now prices at Term SOFR plus 1.75%-2.25%, or base rate plus 0.75%-1.25%, based on secured net leverage.
• Term loan B now prices at Term SOFR plus 2.25%, or base rate plus 1.25%.