Friday, September 21, 2012
Alkermes plc, of Dublin, Ireland, disclosed the pricing of new term loans to be used in the refinancing of its existing senior secured bank debt. Syndication has completed for the new senior secured bank debt, comprising first lien term loan facilities consisting of a $300 million, seven-year term loan bearing interest at London Interbank Offer Rate plus 3.5 percent and a $75 million four-year term loan bearing interest at LIBOR plus 3 percent.
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