Brief: Nanobiotix: Agreement Restructure Existing Loan Agreement With European Investment Bank

Nanobiotix SA

12/09/2022 07:05

Sept 12 (Reuters) - Nanobiotix SA  NANOB.PA :
    * NANOBIOTIX ANNOUNCES AGREEMENT IN PRINCIPLE TO RESTRUCTURE
EXISTING LOAN AGREEMENT WITH EUROPEAN INVESTMENT BANK, EXTENDING
THE OPERATING CAPACITY OF THE COMPANY UNTIL Q1 2024
    * THE FINAL LOAN AMENDMENT COULD BE FINALISED IN THE FOURTH
QUARTER OF 2022
    * RESTRUCTURING WILL SUPPORT CO'S PRIORITIES BY REALIGNING
LOAN
WITH THE PROJECTED DEVELOPMENT AND COMMERCIALIZATION SCHEDULES
OF NBTXR3
    * THIS AGREEMENT IN PRINCIPLE PROVIDES FOR THE DEFERRAL OF
APPROXIMATELY €25.3 MILLION OF PRINCIPAL REPAYMENTS UNTIL JUNE
2029 AND APPROXIMATELY €5.4 MILLION OF CAPITALISED INTEREST
PAYMENTS UNTIL OCTOBER 2024
    * ALSO INCLUDES PAYMENT IN 2029 OF ADDITIONAL AMOUNT LIMITED
TO
MAX OF EUR 20 MILLION
    * THE START OF THE SIX-YEAR ANNUAL ROYALTY PERIOD IS ALSO
POSTPONED TO BEGIN ON THE FIRST COMMERCIALIZATION DATE OF NBTXR3

Source text for Eikon:  ID: 
Further company coverage:  NANOB.PA 

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