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Alvotech Places Oversubscribed $108 Million Convertible Notes

BY MT Newswires | CORPORATE | 12/17/25 06:26 AM EST

06:26 AM EST, 12/17/2025 (MT Newswires) -- Alvotech (ALVO) said Wednesday that it has placed a $108 million offering of senior unsecured convertible bonds due 2030.

The offering, which was oversubscribed, will be used to finance research and development, expected to be around $250 million in 2026, the company said.

The bonds carry a coupon of 6.875% with an initial conversion price of $5.9224 per share, the company said.

Shares of the company were up 3.8% in recent premarket activity.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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