Legal Proceedings Report • Mar 13, 2023
Legal Proceedings Report
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Puteaux, France, 13 March 2023 (8:00 a.m. CET)
ORPEA S.A. (the "Company") announces that as of 10 March, which is the longstop date to accede to the lock-up agreement relating to the financial restructuring of the Company concluded on 14 February 2023 with, on the one hand, a group of French long-term investors led by the Caisse des Dépôts, accompanied by CNP Assurances, MAIF and MACSF, and, on the other hand, five institutions holding unsecured debt of the Company (the "SteerCo")1 , approximately 51% of the unsecured financial creditors of the Company2 (representing unsecured debt of approximately 1.9 billion euros) have adhered to the lock-up agreement.
As planned, the Company contemplates to file, within the next days, a request before the specialised Commercial court of Nanterre for the opening of an accelerated safeguard proceeding in order to implement its financial restructuring plan.
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1 See the press release published by the Company on 14 February 2023.
2 Including the members of the SteerCo, which are the initial signatories of the Lock-Up Agreement.
ORPEA is a leading global player, expert in the care of all types of frailty. The Group operates in 22 countries and covers three core businesses: care for the elderly (nursing homes, assisted living, home care), post-acute and rehabilitation care and mental health care (specialized clinics). It has more than 72,000 employees and welcomes more than 255,000 patients and residents each year.
ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and CAC Mid 60 indices.
| Investor Relations | Investor Relations | Media Relations |
|---|---|---|
| ORPEA | NewCap | ORPEA |
| Benoit Lesieur | Dusan Oresansky | Isabelle Herrier-Naufle |
| Investor Relations Director | Tel.: +33 (0)1 44 71 94 94 | Media Relations Director |
Toll free tel. nb. for shareholders: +33 (0) 805 480 480
[email protected] [email protected] Tel.: +33 (0)7 70 29 53 74 [email protected] Image 7
Charlotte Le Barbier Tel.: +33 (0)6 78 37 27 60 [email protected] Laurence Heilbronn Tel.: +33 (0)6 89 87 61 37 [email protected]
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