(CercleFinance.com) – Latecoere announces the approval of the definitive recapitalization agreement for an amount of 283 million euros, including a guaranteed capital increase of at least 100 million and a reduction of an amount of 183 million of its financial debt.
“This agreement allows Latecoere to rely on a solid structure to continue to support the growth of its customers, and to meet its increased working capital needs linked to the recovery of the aerospace industry,” explains the equipment manufacturer.
At the same time, the Commercial Court of Toulouse also approved the sale to Bombardier of Latecoere’s EWIS activity in Mexico, which should be finalized by mid-2023.
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