Alvotech Bolsters Liquidity with $75M Term Loan at 12.5% Interest
ALVO sits 27% above its 52-week low of $2.94.
Summary
Alvotech secured a new $75 million term loan facility with a high 12.50% interest rate, maturing in December 2027. This debt financing follows a substantial $165 million equity capital raise finalized on June 18, 2026, bringing the total new capital secured to $240 million. While the additional funds bolster liquidity and support pipeline development, the high cost of debt highlights the company's ongoing need for capital.
At the time of this announcement, ALVO was trading at $3.73 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $2.94 to $9.94. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.