Carmat jumps after agreement with financial creditors

Carmat SA

25/03/2024 08:20

** Shares in Carmat  ALCAR.PA  rise around 10% after the
French artificial heart maker said it had reached an agreement
with all its financial creditors
    ** Carmat said final maturity of all bank loans had been
extended by at least two years, reducing its loan repayments by
more than 30 million euros over 2024-2025
        ** It said it can fund its activities until mid-May and
estimates its financing needs over the next 12 months at about
35 million euros
  
    ** Including Monday's rise, the stock has dropped by 38%
since the beginning of the year
    

 (Reporting by Alban Kacher)
 ((Alban.kacher@thomsonreuters.com))