AI Terminal
ORPEA
Capital/Financing Update • Jan 2, 2023
1578_iss_2023-01-02_f2d14eb7-f623-4bba-81be-7b4a91e7a552.pdf
Capital/Financing Update
Open in ViewerOpens in native device viewer
Puteaux (France), 2 January 2023 (7:00 PM CET)
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
Two new drawings totaling €205 million were made by ORPEA 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 | A 1 | A2/A3 | A 4 | 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 | 1 1 | 402 | 200 | 229 | 842 | 0 |
| Situation as of 27/09/2022 | ||||||
| Drawings | 700 | 600 | 0 | 155 | 1,454 | 796 |
| Undrawn amount | 0 | 0 | 200 | 7 4 | 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.
CONTACTS
Investor relations Orpea
Jean-Baptiste Roussille [email protected]
Benoit Lesieur [email protected]
Toll-free tel nb.for shareholders: +33 (0) 805 480 480
Investor relations NewCap
Dusan Oresansky Tel : +33 (0) 1 44 71 94 94 [email protected]
Media relations Orpea/Image 7
Isabelle Herrier-Naufle Media relations Director Tel : +33 (0)7 70 29 53 74 [email protected]
Charlotte Le Barbier
Image 7 Tel : +33 (0)7 06 78 37 27 60 [email protected]
