Alvogen readies launch of $675 million term loan for Tuesday

By Sara Rosenberg

New York, March 12 – Alvogen is scheduled to hold a bank meeting on Tuesday morning to launch a $675 million seven-year senior secured term loan, according to a market source.

Jefferies Finance LLC, Goldman Sachs Bank USA and SunTrust Robinson Humphrey Inc. are the arrangers on the deal.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Alvogen is a generic pharmaceutical company.

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