Brief: Paragon ID Obtains Two Bank Loans For Total Of 8.7 Million Euros

Paragon Id SA

05/01/2022 06:41

Jan 5 (Reuters) - Paragon Id SA  PID.PA :
    * SUCCESSFULLY NEGOTIATES TWO NEW BANK LOANS FOR A TOTAL OF
EUR
8.7M TO SUPPORT FURTHER DEVELOPMENT IN ITS FRENCH OPERATIONS
    * EUR5 MILLION 10-YEAR GREEN LOAN ("PRÊT VERT") FROM
BPIFRANCE 
    * EUR3.7 MILLION 8-YEAR RECOVERY EQUITY LOAN ("PRÊT
PARTICIPATIF
RELANCE") FROM CRÉDIT AGRICOLE CENTRE LOIRE
    * THIS LOAN WILL BE USED TO IMPROVE PARAGON ID'S INDUSTRIAL
PROCESSES, REDUCING THEIR IMPACT ON ENVIRONMENT AND ENABLING
COMMERCIALIZATION OF MORE ECOLOGICALLY RESPONSIBLE PRODUCTS AND
SERVICES
    * THIS WILL INCLUDE PROGRESSIVE REPLACEMENT OF MAGNETIC
TICKETS BY
REUSABLE AND DIGITAL PRODUCTS SUCH AS RFID-BASED CONTACTLESS
TICKETS AND MOBILE TICKETING SOLUTIONS
    * BOTH LOANS ARE SUBJECT TO FIXED INTEREST RATES THAT ARE
ADVANTAGEOUS RELATIVE TO MARKET CONDITIONS

Source text for Eikon:  ID:nACT72559 
Further company coverage:  PID.PA 

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