NasdaqGS:ALKSBiotechs
Alkermes Weighs New US$1.525b Debt Against Growth And Leverage Risks
Alkermes has entered into a new senior secured credit agreement totaling $1.525b with a group of major financial institutions.
The agreement provides a significant pool of committed capital that will affect the company’s balance sheet and capital structure.
The transaction is a key corporate finance development for Alkermes, trading on NasdaqGS:ALKS.
For you as an investor, this financing move sits alongside a mixed share performance picture for NasdaqGS:ALKS. The stock closed at $31.91,...