Alere Secures $2.1B Loan

Alere has raised around $2.1 billion in senior secured credit facilities.

Alere has raised around $2.1 billion in senior secured credit facilities. The offering consists of term loan facilities of $1.85 billion and a revolving credit facility of $250 million.

Jefferies Finance, GE Capital Markets, Credit Suisse and Goldman Sachs Bank USA served as joint lead arrangers for the facilities. Alere intends to use the proceeds to pay in full and close out its existing first lien and second lien loans and to pay various fees and expenses associated with the transaction

Click here for the release from PR Newswire.