Orpea: continuation of its financial restructuring – 03/06/2023 at 08:32

(CercleFinance.com) – The group announces that its financial restructuring will continue on schedule. It welcomes the convergence of its main banking partners on the principles of the agreement relating to the implementation of additional financing and the adjustment of the financing documentation of June 2022.

‘ These banking partners would participate in the implementation of this additional financing and in the development of the financing documentation for June 2022 only within the framework of the implementation of a plan proposed, as provided for by law, by the Company and intended in particular for the group of long-term French investors led by the Caisse des Dépôts et Consignations including CNP Assurances, MAIF and MACSF, to hold 50.2% of the capital of the Company ‘indicates the group.

The implementation and drawdown of additional financing, via several tranches, partly in the form of a bridge, in particular to meet the cash needs of the Company until the entry into the majority capital of the group led by Caisse des Dépôts and Consignments, remain subject to obtaining the agreement of the credit committees of the institutions concerned, to the finalization of the required contractual documentation, as well as to certain stages of the financial restructuring of the Company.

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