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- With 205 Million Euros, Orpea Announces The Last Drawings Under The 3.2 Billion Euros Financing Agreement Concluded With Its Main Banking Partners In June 2022
With 205 Million Euros, Orpea Announces the Last Drawings Under the 3.2 Billion Euros Financing Agreement Concluded With Its Main Banking Partners in June 2022
02 Jan 2023 19:00 CET
Regulatory News:
Two new drawings totaling €205 million were made by ORPEA (Paris:ORP) at the end of December 2022. The amounts drawn correspond to the A4 Loan, used in full, and the balance of the B Loan.
The situation of the drawings on the various lines of these financings is summarized in the table below:
Loans |
|
A1 |
A2/A3 |
A4 |
B |
TOTAL (A+B) |
|
C (C1+C2) (2) |
|
|
|
|
|
|
|
|
|
|
|
Principal (€m) (1) |
|
700 |
600 |
200 |
229 |
1 729 |
|
1 500 |
|
|
|
|
|
|
|
|
|
|
|
Situation as of 30/06/2022 |
|
|
|
|
|
|
|
|
|
Drawings |
|
689 |
198 |
0 |
0 |
887 |
|
0 |
|
Undrawn amount |
|
11 |
402 |
200 |
229 |
842 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
Situation as of 27/09/2022 |
|
|
|
|
|
|
|
|
|
Drawings |
|
700 |
600 |
0 |
155 |
1 454 |
|
796 |
|
Undrawn amount |
|
0 |
0 |
200 |
74 |
274 |
|
704 |
|
|
|
|
|
|
|
|
|
|
|
Situation as of 01/12/2022 |
|
|
|
|
|
|
|
|
|
Drawings |
|
700 |
600 |
0 |
222 |
1 522 |
|
1 500 |
|
Undrawn amount |
|
0 |
0 |
200 |
5 |
205 |
|
0 |
|
|
|
|
|
|
|
|
|
||
Situation as of 31/12/2022 |
|
|
|
|
|
|
|
|
|
Drawings |
|
700 |
600 |
200 |
227 |
1 727 |
|
1 500 |
|
Undrawn amount |
|
0 |
0 |
0 |
0 |
0 |
|
0 |
(1) As presented in the Press Release dated 13 June 2022
(2) New financing facilities used to refinance existing unsecured debt (excluding bonds and Schuldschein)
As with previous drawings, these funds will be used to finance and refinance the Group's general corporate purposes.
Background on the financial restructuring
ORPEA SA reminds that it is currently negotiating a financial restructuring, the main objectives of which are to finance its refoundation plan and to secure the liquidity necessary to continue its activities. Discussions are continuing with its financial creditors and third party investors in the context of the amicable conciliation procedure opened by the Nanterre Commercial Court on October 25, 2022.
In compliance with its legal and regulatory obligations, the Company will continue to inform the market of developments through its corporate communications.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230102005089/en/
Investor relations
Orpea
Jean-Baptiste Roussille
j-b.roussille@orpea.net
Benoit Lesieur
b.lesieur@orpea.net
Toll-free tel nb.for shareholders:
+33 (0) 805 480 480
Investor relations
NewCap
Dusan Oresansky
Tel : +33 (0) 1 44 71 94 94
ORPEA@newcap.eu
Media relations
Orpea/Image 7
Isabelle Herrier-Naufle
Media relations Director
Tel : +33 (0)7 70 29 53 74
i.herrier-naufle@orpea.net
Charlotte Le Barbier
Image 7
Tel : +33 (0)7 06 78 37 27 60
clebarbier@image7.fr
Source
ORPEA
Provider
BusinessWire
Company Name
ORPEA
ISIN
FR0000184798
Symbol
ORP
Market
Euronext