Alkermes plans to launch $375 million secured term loan on Monday

By Sara Rosenberg

New York, Sept. 5 - Alkermes Inc. is scheduled to hold a bank meeting at 2 p.m. ET on Monday in New York to launch a proposed $375 million senior secured term loan, according to a market source.

Morgan Stanley Senior Funding Inc, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the lead banks on the deal.

Proceeds will be used to refinance existing credit facility debt.

Alkermes is a Dublin, Ireland-based biopharmaceutical company.

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