(CercleFinance.com) – Carmat announced on Friday evening a final agreement with all of its financial creditors on new terms for repaying its bank loans, an agreement following the conditional agreements in principle announced on January 12 and February 22.
The final agreement covers all bank loans, including the loan for a principal amount of 30 million euros contracted with the EIB and the two PGEs for a principal amount of five million each, contracted with BNP Paribas and Bpifrance.
Taking into account this agreement and its cash flow situation, the company designing the artificial heart can finance its activities, according to its current business plan, until mid-May 2024, and estimates its financing need over the next 12 months at approximately 35 million.
Carmat adds ‘continue to work very actively on other initiatives to strengthen its equity in the short term and alleviate its cash flow constraints, and thus be able to continue its activities beyond mid-May 2024’.