ICON repays $13.8 million of senior secured term loan

By Marisa Wong

Los Angeles, Nov. 9 – ICON plc repaid $13.8 million of its senior secured term loan facility and made a quarterly interest payment of $40.4 million on Sept. 27, according to a 6-K filed Tuesday with the Securities and Exchange Commission.

As previously announced, ICON entered into the senior secured term loan in connection with its acquisition of PRA Health Sciences Inc.

Upon completion of the merger on July 1, ICON entered into the $5.515 billion term loan due July 2028 along with a $300 million senior secured revolving loan facility set to mature in July 2026.

ICON is a Dublin-based provider of outsourced drug and device development and commercialization services to the pharmaceutical, biotechnology and medical device industries and government and public health organizations.

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