Carmat SA ALCAR.PA:
* CARMAT ANNOUNCES A FINAL AGREEMENT WITH ALL OF ITS FINANCIAL CREDITORS ON NEW TERMS AND CONDITIONS FOR REPAYMENT OF ITS BANK LOANS
* POSTPONEMENT OF AT LEAST 2 YEARS OF THE FINAL MATURITY OF ALL BANK LOANS
* EQUITIZATION OF THE LOAN CONTRACTED FROM THE EIB TO LIMIT ITS CASH REIMBURSEMENT AND OPTIMIZE THE COMPANY’S CASH CASH
* DG: ALLOWS TO EXTEND THE MATURITY OF ALL OUR FINANCIAL DEBT BY AT LEAST TWO YEARS, AND THUS TO REDUCE OUR LOAN REPAYMENTS BY MORE THAN EUR 30 MILLION OVER THE PERIOD 2024-2025
* CAN FINANCE ITS ACTIVITIES, ACCORDING TO ITS CURRENT “BUSINESS PLAN”, UNTIL MID-MAY 2024
* ESTIMATES ITS NEED FOR FINANCING OVER THE NEXT 12 MONTHS AT APPROXIMATELY EUR 35 MILLION
Original text: https://tinyurl.com/3mmv2p2c For more details click on ALCAR.PA
(Gdansk editorial office)