Alvotech, a Reykjavík-based biotechnology company focused on biosimilar medicines, has secured a €100 million senior term loan facility to support liquidity and advance its strategic priorities for 2026. The financing replaces the company’s earlier working capital facility and provides full access to the funds over the loan’s duration.

Financing Structure and Terms

The two-year facility carries an interest rate of 12.50%, payable monthly in cash. The transaction is led by GoldenTree Asset Management and is intended to offer Alvotech greater operational flexibility as it executes growth and investment plans.

Focus on R&D and Growth Strategy

According to the company, the new financing will support research and development investments, expansion of production capacity, and strengthening of its supply chain. Alvotech plans to support multiple global product launches through 2026 while continuing to build its biosimilar development pipeline.

Biosimilar Portfolio and Pipeline

Alvotech currently has five biosimilars approved and marketed across multiple regions, covering treatments in areas such as autoimmune diseases, oncology, and bone health. Its disclosed development pipeline includes nine biosimilar candidates, with a broader R&D portfolio of around 30 products in development, targeting a range of therapeutic areas.

Broader Capital Market Activity

The term loan follows other recent financing activity by Alvotech, including the issuance of senior unsecured convertible bonds due 2030 and earlier refinancing transactions led by GoldenTree. The company has also established commercial partnerships across key markets including North America, Europe, Asia, and parts of emerging markets to support global distribution.

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