Brief: Safe Orthopaedics Concludes Financing Agreement, Receives Subvention

Safe SA

17/12/2020 07:39

Dec 17 (Reuters) - SAFE ORTHOPAEDICS SA  ALSAF.PA :
    * FINANCING AGREEMENT OF A TOTAL PAR VALUE OF €8.4 MILLION
AND
SUBVENTION OF €800 000 RECEIVED AS PART OF THE RECOVERY PLAN AND
THE « INDUSTRIAL INVESTMENT SUPPORT TO THE TERRITORIES » PROGRAM
    * CONCLUSION OF AN AGREEMENT FOR A BOND FINANCING LINE
(OCEANE)
OVER 24 MONTHS WITH A MAXIMUM TOTAL PAR VALUE OF €8.4 MILLION
    * SUBVENTION OF 800,000 EUROS RECEIVED AS PART OF THE
RECOVERY
PLAN AND THE « INDUSTRIAL INVESTMENT SUPPORT TO THE TERRITORIES
» PROGRAM
    * CONTRACT FOLLOWS THE END OF THE OCEANE PROGRAM LAUNCHED
WITH THE
INVESTOR IN 2019 WHICH FINANCED THE COMPANY UP TO APPROXIMATELY
€11.5 MILLION
    * DRAWING OF THE LAST TRANCHE OF OCEANE FROM THIS FIRST
PROGRAM
BEING SCHEDULED FOR THE NEXT FEW DAYS
    * WORKFORCE OF SITE OF FLEURIEUX-SUR-ARBRESLE WILL INCREASE
TO 30
PEOPLE BY MID-2021, AND SEVERAL DOZEN JOBS WILL BE CREATED IN
NEXT 36 MONTHS
    * AS OF DECEMBER 2020 GROUP'S FUNDING HORIZON WITHOUT NEW
FUNDING
PROGRAM, WOULD BE MARCH 2021

Source text for Eikon:  ID:nGNE6Y59q4 
Further company coverage:  ALSAF.PA 

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