Brief: Carmat Extends Maturity Of All Bank Loans By At Least 2 Years

Carmat SA

22/03/2024 16:52

March 22 (Reuters) - Carmat SA  ALCAR.PA :
    * CARMAT ANNOUNCES A DEFINITIVE AGREEMENT WITH ALL ITS
FINANCIAL
CREDITORS ON NEW REPAYMENT TERMS FOR ITS BANK LOANS
    * EXTENDING THE FINAL MATURITY OF ALL BANK LOANS BY AT LEAST
2
YEARS
    * EQUITIZATION OF THE LOAN TAKEN OUT WITH THE EIB, LIMITING
ITS
REPAYMENT IN CASH AND OPTIMISING THE COMPANY'S CASH POSITION
    * THE COMPANY CAN FINANCE ITS ACTIVITIES, ACCORDING TO ITS
CURRENT
BUSINESS PLAN, UNTIL MID-MAY 2024
    * ESTIMATES ITS FINANCING REQUIREMENTS OVER THE NEXT 12
MONTHS AT
AROUND €35 MILLION

Source text for Eikon:  ID:nBw1tyvvra 
Further company coverage:  ALCAR.PA 

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