Alvotech Value Rises Again As Portion Of Debt Is Wiped Away

Bondholders Convert Debt To Equity

Icelandic biosimilars specialist Alvotech has eased some of its liability to bondholders following a debt-to-equity conversion, at the same time as it improved terms and extended its maturity.

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Alvotech issued a $300m convertible bond at the end of 2018 • Source: Shutterstock

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