AMENDMENT NO. 1 TO CREDIT AGREEMENT
This Amendment No. 1 to Credit Agreement, dated as of August 12, 2026 (this “Amendment”), to the Credit Agreement, dated as of February 12, 2026 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”; the Credit Agreement, as amended by this Amendment is herein referred to as the “Amended Credit Agreement”), among Alkermes plc, a company incorporated under the laws of Ireland (registered number 498284) (the “TopCo Borrower”), Alkermes, Inc., a Pennsylvania corporation and an indirect wholly-owned subsidiary of the TopCo Borrower (the “U.S. Borrower”), Alkermes Finance LLC, a Delaware limited liability company and an indirect wholly-owned subsidiary of the TopCo Borrower (the “U.S. Co-Borrower” and together with the U.S. Borrower and the TopCo Borrower, each a “Borrower” and, collectively, the “Borrowers”), the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), is entered into by and among the Borrowers, each of the Subsidiary Guarantors party hereto (with respect to Section 6 hereof), the 2026 Refinancing Tranche B Term Lenders (as defined below), the Initial Tranche A Term Lenders (constituting all of the Initial Tranche A Term Lenders) and the Administrative Agent. Terms defined in the Credit Agreement or the Amended Credit Agreement, as applicable, shall be used in this Amendment with their defined meanings therein unless otherwise defined herein.
W I T N E S S E T H:
WHEREAS, the Borrowers, the Lenders party thereto and the Administrative Agent are parties to the Credit Agreement;
WHEREAS, subject to the terms and conditions of the Credit Agreement, (a) the TLA Borrowers desire to amend the Credit Agreement in order to reduce the Applicable Rate with respect to the Initial Tranche A Term Loans (the “Tranche A Repricing”) and (b) pursuant to Section 9.02 of the Credit Agreement, the Initial Tranche A Term Lenders have agreed to amend the Credit Agreement to give effect to such Tranche A Repricing, as set forth in Exhibit A hereto;
WHEREAS, subject to the terms and conditions of the Credit Agreement, (a) the TLB Borrowers desire to refinance all of the outstanding Initial Tranche B Term Loans (as defined in the Credit Agreement as in effect immediately prior to the effectiveness of this Amendment, the “Existing Tranche B Term Loans”) with Refinancing Term Loans incurred pursuant to Section 2.22 of the Credit Agreement (the “2026 Refinancing Tranche B Term Loans”) and (b) pursuant to Section 2.22 of the Credit Agreement, the TLB Borrowers and the Administrative Agent desire to make such conforming modifications to the Credit Agreement and Exhibits thereto as are necessary to give effect to the 2026 Refinancing Tranche B Term Loans, as set forth in Exhibit A and Exhibit B hereto;
WHEREAS, each of JPMorgan Chase Bank, N.A. (in such capacity, the “Amendment No. 1 Lead Left Arranger”), BofA Securities, Inc., PNC Capital Markets LLC, DNB Carnegie, Inc., U.S. Bank National Association, Fifth Third Bank, National Association, Capital One, National Association, Citizens Bank, N.A. and Truist Bank (or, in each case, any of its affiliates as so designated by it to act in such capacity) has been appointed and will act as a joint lead arranger and joint bookrunner with respect to the Amendment (collectively, in such capacities, the “Amendment No. 1 Lead Arrangers”);
WHEREAS, immediately prior to the Amendment No. 1 Effective Date (as defined below), the TLB Borrowers are hereby notifying the Administrative Agent pursuant to Section 2.22 of the Credit Agreement that they are requesting the establishment and Borrowing of 2026 Refinancing Tranche B Term
