Amneal Pharmaceuticals Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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| Item 8.01 | Other Events. |
On July 24, 2025, Amneal Pharmaceuticals, Inc. (the “Company”) announced that its subsidiary, Amneal Pharmaceuticals LLC (the “Issuer”), has priced its offering of $600 million aggregate principal amount of 6.875% senior secured notes due 2032 (the “notes”) in a private offering. In conjunction with the $300 million increase in the term loan facility described below, the aggregate principal amount of the notes was downsized from the previously announced offering of $750 million. The notes will be sold to investors at a price of 100.000% of the principal amount thereof.
Concurrently with the offering of the notes, the Issuer expects to borrow $2.1 billion aggregate principal amount of new seven-year term B loans (the “new term B loans”) under a new term loan facility (the “Term Loan Facility”), and intends to use the net proceeds of the new term B loans and the notes to refinance its existing term B loans in full, to repay outstanding amounts borrowed under its ABL facility in full and to pay related fees, premiums and expenses. The aggregate principal amount to be borrowed under the new term B loans was upsized from the previously announced $1.8 billion. The offering of the notes is not conditioned on entry into the Term Loan Facility and is expected to close on August 1, 2025, subject to customary closing conditions.
The notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act. The notes were offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.
This Current Report on Form 8-K does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit Number |
Description | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 24, 2025 | AMNEAL PHARMACEUTICALS, INC. | ||
| By: | /s/ Anastasios Konidaris | ||
| Name: | Anastasios Konidaris | ||
| Title: | Executive Vice President and Chief Financial Officer | ||
| (Principal Financial and Accounting Officer) | |||