Amneal repriced its term loan facility via Amendment No. 3 to its November 2023 credit agreement with JPMorgan Chase as administrative agent.
Consenting lenders converted existing term loans into new loans totaling USD 2.04 billion; Amneal added a USD 45.2 million term loan to repay non-consenting lenders.
Interest margins drop 50 bps to 1.5% over base rate or 2.5% over SOFR; maturity stays Aug. 1, 2032.
Repricing transactions avoid a prepayment premium if completed after Feb. 3, 2027.
Annualized cash interest savings estimated at about USD 12 million versus the prior terms.
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