(Boursier.com) — Alan Allman Associatesan ecosystem of international consulting firms, announces that it has secured bond financing called “Relance” from Turenne Groupe for a maximum amount of 10 million euros to support its acquisition policy.
The Recovery Bonds, a system initiated by France Assureurs and Caisse des Dépôts, are dedicated to providing long-term resources, in the form of quasi-equity, to SMEs and ETIs in order to enable them to finance structuring growth projects while accelerating on ESG transformation and digitalisation. With a duration of 8 years, the Relance Bonds are redeemable in one installment at the bond’s maturity (possibility of early redemption under certain conditions).
An amount of 8 million euros of Recovery Bonds is already available but could be increased to 10 million euros in the event of additional eligible acquisitions. However, Alan Allman Associates has already secured the conditions of this financing, and in particular the interest rate. Interest will be paid quarterly from the date of the drawing until maturity.
These Recovery Bonds, with no dilutive impact for the company and its shareholders, aim to provide the Ecosystem with additional funds to finance its development policy.
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