ORPEA announces the first drawdown of 200 million euros for new money financing with its main banking partners
A first drawdown of 200 million euros for “new money” financing, granted by the group’s main banking partners to ORPEA SA and its subsidiaries Niort 94 and Niort 95, has just been made. This amount corresponds to the entire Credit D1A (whose characteristics are described in the press release of May 26, 2023).
These funds will make it possible to finance and refinance the general needs of Niort 94, including the reimbursement of the intra-group debt owed to ORPEA SA, which will use the proceeds from the drawdown to finance, in particular, the general needs of the Group, debt service and operating expenses. ‘investment.
The main obligations of ORPEA SA, Niort 94 and Niort 95, as well as the sureties guaranteeing this “new money” financing are described in the press release of May 26, 2023, the sureties granted by ORPEA SA being in the backup plan.
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