Alkegen is nearing a debt deal addressing its 2025 maturities with the help of new money lenders including Apollo and Oak Hill Advisors, according to 9fin sources.

The new debt will take the form of a roughly $1.3bn first lien term loan with about $500m of new pari passu notes, two of the sources said. The financing will also include $175m of pari delayed draw term loan debt and a $200m revolver, they added. The new credit facility will be due 2029.