Brief: Genfit Completes Royalty Financing Of Eur 185 Mln With HCRx

Genfit SA

21/03/2025 06:36

March 21 (Reuters) - GNFT.PA:

GENFIT ANNOUNCES COMPLETION OF NON-DILUTIVE ROYALTY FINANCING AGREEMENT WITH HCRX AND RESULTS OF REPURCHASE OFFER TO 2025 OCEANES HOLDERS

COMPLETES ROYALTY FINANCING OF EUR 185 MILLION WITH HCRX AFTER UNANIMOUS OCEANE BONDHOLDER APPROVAL, TRIGGERING EUR 130 MILLION UPFRONT PAYMENT WITH POTENTIAL FOR ADDITIONAL EUR 55 MILLION

NON-DILUTIVE FINANCING EXTENDS CASH RUNWAY BEYOND 2027

GENFIT TO USE EUR 61.66 MILLION TO REPURCHASE 1,882,891 2025 OCEANES AFTER EXERCISE BY CERTAIN BONDHOLDERS OF THEIR PUT OPTION

REPURCHASE OF THE 2025 OCEANES AT A PRICE OF EUR 32.75 PER BOND

 Source text: nGNX27Msw0
 Further company coverage: GNFT.PA

 (Gdansk Newsroom)

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