Brief: French pharmaceutical company Advicenne gets 4.3 mln euros loan, backed by French government

Advicenne SA

27/10/2020 06:48

Oct 27 (Reuters) - Advicenne Sa  ADVIC.PA :
    * ADVICENNE OBTAINS NON-DILUTIVE LOAN FACILITY OF €4.3
MILLION
GUARANTEED BY THE FRENCH STATE
    * SIGNATURE OF A EUR 4.3 MILLION CREDIT AGREEMENT,
GUARANTEED BY
FRENCH STATE, WITH BANKING PARTNERS BNP PARIBAS AND BPI FRANCE.
    * THIS LOAN, IN FORM OF A STATE-GUARANTEED LOAN IN CONTEXT
OF
COVID-19 PANDEMIC, CONTRIBUTES TO STRENGTHENING COMPANY'S CASH
POSITION
    * LOAN IS 90% GUARANTEED BY FRENCH STATE WITH AN INITIAL
MATURITY
OF 12 MONTHS AND AN EXTENSION OPTION OF UP TO 5 YEARS, WHICH MAY
BE EXERCISED BY ADVICENNE UNTIL SEPTEMBER 2025.
    * This loan, in the form of a State-guaranteed loan in the
context
of the COVID-19 pandemic, contributes to strengthening the
Company's cash position.

Further company coverage:  ADVIC.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))