Brief: Navya Gets EUR 30 Mln Financing From Eshaq Investment Company W.L.L

Navya SA

12/12/2022 06:33

Dec 12 (Reuters) - NAVYA SA  NAVYA.PA :
    * NAVYA OBTAINS €30 MILLION FINANCING FROM THE ESHAQ
INVESTMENT
COMPANY W.L.L BASED IN THE KINGDOM OF BAHRAIN
    * LOAN AGREEMENT MEETS NAVYA'S OBJECTIVES OF BALANCING ITS
FINANCES AND RELEASING LIQUIDITY TO FINANCE ITS SCALING UP
OPERATIONS
    * EUR 30 MILLION LOAN COMES ON TOP OF EUR 36 MILLION
FINANCING
AGREEMENT CONTRACTED IN JULY 2022 WITH NEGMA GROUP
    * FINANCING AGREEMENT WITH INVESTMENT COMPANY ESHAQ
INVESTMENT
COMPANY W.L.L, BASED IN KINGDOM OF BAHRAIN, FOR A LOAN WITH A
PRINCIPAL AMOUNT OF EUR 30 MILLION
    * THESE TWO SOURCES OF FINANCE, WHICH MAY BE CUMULATED,
REINFORCE
NAVYA'S LONG-TERM FINANCIAL CAPACITIES
    * NO PENALTY WILL BE APPLIED IN EVENT OF AN EARLY REPAYMENT
OF
LOAN
    * LOAN AGREEMENT IS GOVERNED BY FRENCH LAW AND HAS A
DURATION OF
10 YEARS WITH A RATE OF 3% PER YEAR

Source text for Eikon:  ID:nBwb4xBqJa 
Further company coverage:  NAVYA.PA 
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