VISIATIV: VISIATIV CONCLUDED NEW FINANCING FOR A TOTAL AMOUNT OF EUR 115 M TO SUPPORT ITS DEVELOPMENT AND ITS NEXT STRATEGIC PLAN – 2022-10-13 at 18:05

• Conclusion of a
  
  new senior loan
  
  (CAPEX credit) of a maximum amount
  
  up to €70 million
  

• Show of
  
  €10 million in recovery bonds
  

• Refinancing of existing senior bank debt through the issuance of a
  
  new tranche of €15 million
  
  and setting up a
  
  bank envelope of €20 million
  
  for the refinancing of the Euro PP bond loan

• Introduction of
  
  ESG criteria
  
  in all new financing

Lyon, October 13, 2022 – 6 p.m. Visiativ, the specialist in digital transformation and innovation for SMEs and ETIs, is listed on Euronext Growth in Paris (FR0004029478, ALVIV).

Visiativ announces the signature, with its historical banking pool, of new financing aimed at refinancing and extending the maturity of its debt, as well as supporting the next stages of its development by providing the company with new financial capacities to seize opportunities for external growth.

In view of its next strategic plan, which will be announced during the 1

^er

semester 2023, Visiativ acquires reinforced financial resources through the signing of a new senior loan for a total amount of €70 million, including €50 million in confirmed credit lines over a period ranging from 6 to 7.5 years (€18 million repayable until 2028 and €32 million in repayment at maturity in 2029).

This senior loan is supplemented by a €10 million issue of Relance bonds, with an eight-year maturity and repayable in one installment at maturity. Relance bonds, which are part of the France Relance plan set up by the French State, aim to strengthen the balance sheets of French SMEs and ETIs. Thanks to the guarantee of the French State, companies can access advantageous financing conditions compared to comparable market financing.

Visiativ has also entered into a refinancing agreement for the entire balance of its current senior debt, i.e. €15 million, through the issue of new tranches maturing in 6 and 7 years (€6.75 million redeemable until 2028 and €8.25 million in repayment at maturity in 2029). At the same time, Visiativ also obtained a loan package of €20 million for the repayment of the Euro PP type bond issued in 2018 and maturing in May 2025.

As part of its corporate social responsibility (CSR) approach, Visiativ, in agreement with its banking partners, has decided to link this new financing to its ESG (Environmental, Social and Governance) performance. Visiativ will thus benefit from a bonus of up to 10 basis points on the margin applicable to all of these new financing lines, depending on whether or not the objectives have been achieved.

Four areas of progress for Visiativ in terms of CSR have been selected, and annual objectives have been set for each of them:

• Reduce environmental footprint
  
  through the reduction of the carbon footprint on scopes 1, 2 and 3;

• Working towards gender equality
  
  by increasing the representation of women in the total workforce;

• Promote the inclusion of people with disabilities,
  
  by increasing the number of employees with disabilities;

• Developing the talents of tomorrow
  
  by increasing the share of work-study trainees in the workforce.

At the same time, Visiativ is committed to an emissions reduction trajectory aligned with the Net-Zero Standard of the Science Based Targets (SBTi) initiative, which allows companies to define a reduction trajectory, consistent with limiting global warming to 1.5°C (target of the Paris Agreement). Under this commitment, Visiativ will submit to SBTi its objectives for reducing its greenhouse gas emissions in the short and medium term for validation.

Laurent Fiard, Chairman and CEO of Visiativ, says:

”

These transactions allow Visiativ to strengthen its balance sheet structure and its financial firepower while significantly extending the average maturity of its debt. This new financing will support the next stages of Visiativ’s development and in particular the implementation of the next strategic plan, which will be presented at the 1

^er

half of 2023, focused on the Group’s international development, through organic growth and acquisitions.

In this context, we are proud to have introduced CSR criteria to this new financing and thank our banking partners for being associated with this approach. By monitoring these ESG criteria in the context of our financial debt, we ensure transparency on our societal and environmental commitments in line with the objectives set by COP 21.”

2022 FINANCIAL AGENDA

These dates are given as an indication, they are likely to be modified if necessary. The publications will take place after the closing of the Euronext Paris markets.

About Visiativ


Visiativ’s vocation is to make digital transformation a performance lever for companies. We do this by co-constructing alongside our clients, over the long term. This is summed up by our promise: “Sharing is growing”.

We support our clients by providing solutions and services to plan, implement, manage and monitor their transformations with a unique and innovative approach through three pillars: Consult (advice & support), Engage (solutions & deployment) and Connect ( exchange and sharing communities). Thanks to proven experience of more than 35 years with more than 21,000 SME and ETI customers, Visiativ generated revenue of €214 million in 2021. Present in France and internationally (Germany, Belgium, Brazil, Canada, UAE, United States, Ireland, Luxembourg, Morocco, Netherlands, Poland, United Kingdom and Switzerland), Visiativ has more than 1,100 employees.

Visiativ (FR0004029478, ALVIV) is listed on Euronext Growth in Paris. The action is eligible for the PEA and PEA-PME.

Find all the information on

www.visiativ.com

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