ORPEA SA (the “Company”) announces that on March 10, the deadline for joining the lock-up agreement relating to the financial restructuring of the Company entered into on February 14, 2023 with, on the one hand, the consortium of long-term French investors led by Caisse des Dépôts, accompanied by CNP Assurances, MAIF and MACSF, and on the other hand, five institutions holding the Company’s unsecured debt (the “SteerCo”), approximately 51% of creditors unsecured financial assets of the Company (representing an outstanding unsecured debt of approximately €1.9 billion) adhered to the lock-up agreement.
As planned, the Company plans to file, in the coming days, a request with the Nanterre Specialized Commercial Court to request the opening of an accelerated safeguard procedure in order to implement its restructuring plan. financial.
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