(Boursier.com) — Ekinops signed a new line of financing with its banking partners.
Backed by a solid financial structure (20.5 ME in net cash at the end of the financial year ended December 31, 2022), Ekinops has secured new financing for a total amount of 100 ME, aimed at providing the company with the financial resources necessary to support its development and in particular its external growth strategy.
These new financings consist of:
– external growth loan, the purpose of which is to finance one or more external growth operations or current account advances and the related costs, for a confirmed amount of 50 ME (which may be increased to 90 ME under conditions) with a maturity of 7 years;
– revolving credit, the purpose of which is to finance the general needs of the Group, for a maximum amount of €10 million.
The granting of this financing diversifies Ekinops’ sources of financing, extends the maturity of its debt and strengthens its balance sheet in an extremely competitive market environment. “The confidence placed in Ekinops testifies to the good financial health of the Group and the support of its banking partners”, comments Ekinops.
As part of its corporate social and environmental responsibility (CSR) approach, Ekinops, in agreement with its banking partners, has decided to link this new financing to its ESG (Environmental, Social and Governance) performance. Ekinops will benefit from a bonus of up to 5 basis points on the margin applicable to all of these new financing lines, depending on the number of ESG criteria achieved.
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