Brief: Medincell Secures Non-Dilutive Financing Of 10.9 Million Euros

Medincell SA

27/05/2020 17:00

May 27 (Reuters) - Medincell SA  MEDCL.PA :
    * MEDINCELL SECURES €10.9 MILLION NON-DILUTIVE FINANCING
    * LOAN TAKEN OUT WITH BANQUE POPULAIRE DU SUD AND BNP
PARIBAS IN
FORM OF PGE
    * THE LOAN IS STRUCTURED AS A PGE (STATE GUARANTEED LOAN)
WITH AN
INITIAL MATURITY OF 12 MONTHS AT A 0,25% RATE AND AN OPTION FOR
UP TO 5 YEARS EXTENSION
    * SECOND HALF OF YEAR SHOULD BE RICH FOR MEDINCELL, WITH
POTENTIAL
MILESTONES FOR SEVERAL PRODUCTS

Source text for Eikon:  ID:nBw6JVLYRa 
Further company coverage:  MEDCL.PA 

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