Lantheus Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
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| Item 1.01 | Entry Into a Material Definitive Agreement. |
On December 19, 2024, Lantheus Holdings, Inc.’s (the “Company”) wholly-owned subsidiary, Lantheus Medical Imaging, Inc. (“LMI”), and certain of its subsidiaries entered into a First Amendment to Credit Agreement (the “Amendment”), with Citizens Bank, N.A., as administrative agent and collateral agent (the “Agent”), and the lenders party thereto, which amends the Credit Agreement dated as of December 2, 2022, by and among the Company, LMI, the Agent and the lenders from time to time party thereto (the “Lenders”) (as amended by the Amendment, the “Credit Agreement”). The Amendment resulted in several changes to the Credit Agreement terms, including, among other things, extending the maturity date from December 2, 2027 to December 19, 2029, increasing the existing revolving line of credit from $350,000,000 to an aggregate principal amount of $750,000,000 (the “Revolving Commitment” and, the revolving loans that may be drawn down thereunder, the “Revolving Loans”), as well as increasing the additional amount that LMI may request to add to the Revolving Commitment by $350,000,000. The Amendment also, among other things, (i) reduces the ranges of margins based on LMI’s Total Net Leverage Ratio (as defined in the Credit Agreement) used to calculate interest for the Revolving Loans and (ii) reduces the maximum unused commitment fee from 0.35% per annum to 0.30% per annum.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit |
Description | |
| 10.1 | First Amendment to Credit Agreement, dated December 19, 2024, among Lantheus Medical Imaging, Inc., Lantheus Holdings, Inc., the lenders and other parties party thereto and Citizens Bank, N.A., as administrative and collateral agent. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| LANTHEUS HOLDINGS, INC. | ||
| By: | /s/ Daniel Niedzwiecki | |
| Name: | Daniel Niedzwiecki | |
| Title: | Chief Administrative Officer and General Counsel | |
Date: December 23, 2024