Alkermes amends $1.5 billion credit agreement, lowering interest rate spreads on term loans
Alkermes plc entered into Amendment No. 1 to its credit agreement dated February 12, 2026, with JPMorgan Chase Bank as administrative agent. The amendment lowers the interest rate spread by 0.75% on the term loan A facility and by 0.50% on the term loan B facility, among other changes. The filing does not report earnings or other operating results, so its direct effect on shareholders is limited to lower borrowing costs on the company's term loans.
Key points
- Term loan A outstanding principal: $745,312,500, maturing February 12, 2031
- Term loan B outstanding principal: $773,062,500, maturing August 12, 2031
- Spread reduced 0.75% on term loan A and 0.50% on term loan B
- Amendment dated August 12, 2026, filed as Exhibit 10.1
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.