(News Bulletin 247) – Orpea today announces an agreement in principle with its main banking partners.

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This agreement in principle aims to implement the financial restructuring of the group with a view to the opening of an accelerated safeguard procedure in March.

It will make it possible to satisfy one of the conditions precedent of the lock-up agreement relating to the financial restructuring of the company concluded on February 14, 2023 with the group of long-term investors led by Caisse des Dépôts et Consignations including CNP Assurances, MAIF and MACSF, and on the other hand, five institutions holding part of the unsecured debt of Orpea.

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Under the agreement in principle, additional financing via a secured syndicated loan of €600 million will be made available.

This financing will be made available to the companies Niort 94 and Niort 95, which will hold part of the group’s real estate assets.

The implementation of this additional financing should notably enable the group to cover its liquidity needs until the completion of the capital increases.

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