(CercleFinance.com) – Carmat announces a conditional agreement in principle with the EIB on the terms of repayment of the loan taken out in December 2018 with the latter, to extend its maturity and limit the cash flows associated with its repayment.
Its implementation would allow a postponement of the maturity of the first tranche of the loan for an amount, in principal and interest, of approximately 15 million euros to July 31, 2026, and those of the other two tranches, respectively to August 2027 and October 2028.
In addition, an equitization of the loan would make it possible to limit its repayment in cash and thus optimize Carmat’s cash flow. The signing of the final agreements could take place by the end of the first quarter of 2024.