Alkermes Plc (NASDAQ:ALKS), Alkermes, Inc., and certain other subsidiaries of the Company entered into an Amendment (the “Amendment”) to the Amended and Restated Credit Agreement, dated as of September 16, 2011 and amended and restated on September 25, 2012, as further amended by Amendment No. 2 on February 14, 2013 and as amended by Amendment No. 3 and Waiver to Amended and Restated Credit Agreement dated as of May 22, 2013 (the “Credit Agreement”), by and among Morgan Stanley Senior Funding, Inc. (“MSSF”), as administrative agent and collateral agent, Citigroup Global Markets, Inc. and JPMorgan Chase Bank, N.A., as co-syndication agents, and the financial institutions party thereto as lenders. MSSF acted as sole arranger on this transaction.
The Amendment amends the Credit Agreement to, among other things, extend the maturity date of the approximately $286 million outstanding term loan by two years to September 25, 2021 and make certain other modifications to the Credit Agreement. The interest rate applicable to the extended term loans was unchanged from the existing term loans.