EKINOPS: Ekinops signs a line of financing for a total amount of EUR 100 million to support its external growth strategy – 07/19/2023 at 18:05

• Conclusion of a confirmed external growth loan for an amount of €50 million (which may be increased to €90 million)
  

• Establishment of a revolving line of credit of €10 million
  

• Introduction of ESG criteria in new financing
  

PARIS, July 19, 2023 – 6 p.m. – EKINOPS (Euronext Paris – FR0011466069 – EKI)

a leading supplier of telecommunications solutions dedicated to telecommunications operators and businesses, announces the conclusion of a new line of financing with its banking partners.

Backed by a solid financial structure (€20.5 million in net cash

[1]

at the end of the financial year ended December 31, 2022), Ekinops secured new financing for a total amount of €100 million, aimed at providing the company with the financial resources necessary to support its development and in particular its external growth strategy.

These new financings, granted by the banking pool comprising Caisse Régionale de Crédit Agricole Mutuel des Côtes d’Armor (Agent, Arranger and Credit Coordinator), Banque Populaire Grand Ouest (Arranger and ESG Coordinator), BNP Paribas and KBC Bank, consist of:

• external growth credit
  
  the purpose of which is the financing of one or more external growth operations or current account advances and the related costs,
  
  a confirmed amount of €50 million (which may be increased to €90 million 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.

Taking extra-financial performance into account in these new financings

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 performance

(Environmental, Social and Governance). Ekinops will thus 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.

Awarded several times by extra-financial rating agencies, Ekinops’ ESG strategy is articulated around 3 strategic axes:

• To be a reference employer:
  
  ensure good working conditions for its employees,
  
  preserve their well-being and their health through concrete actions in favor of diversity and inclusion, and retain them through a policy of mobility and attractive remuneration;

• Be a responsible company towards third parties:
  
  Ekinops has implemented responsible systems and practices;

• Limit the environmental impact of its activities:
  
  reduce the carbon footprint during all phases of the product life cycle through concrete actions.

Dmitri Pigoulevski, Administrative and Financial Director of Ekinops declares:

“This new financing confirms Ekinops’ desire to carry out one or more external growth operations by favoring non-dilutive means of financing. This new line will provide the Group with the necessary means to effectively seize development opportunities. We thank our banking partners for their support and confidence in our strategy. »

[1]

Net cash = available cash – financial debt (excluding bank debt relating to the pre-financing of the CIR and IFRS 16 rental debts)

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