STRENGTHENING AUDIKA'S FINANCIAL STRUCTURE
As part of Audika's discussions with its banking partners, the Group is announcing the implementation of a new financing structure, which will enable it to:
extend the maturity of its existing debt;
finance its future development programme.
The transaction involved an amount of €22.1 million and breaks down as follows:
A new €14.1 million loan to refinance existing lines of credit set up on October 2, 2008 between the Company and the banks that form the existing banking pool (BNP Paribas, Natixis, CIC and Bred). This loan now matures in December 2016.
A new €8.0 million investment financing facility, maturing in December 2016, granted by BNP Paribas, CIC and Natixis. This new facility will be dedicated to the Group's development programme.
Through these transactions, Audika is strengthening its financial structure and providing the resources the Group needs to seize the many growth opportunities that exist on a market that remains highly fragmented.
By strengthening its financial structure in this way, Audika intends to be the first to benefit from the undeniable future growth in the hearing correction market over the coming years, with the progressive arrival of the baby boomers into the Group's target market.
Contact Audika : Alain Tonnard / Etienne Sirand-Pugnet au +33 (0)1 55 37 30 30
Contact Actus Finance : Guillaume Le Floch au +33 (0)1 72 74 82 25
Communiqués au titre de l'obligation d'information permanente :
- Autres communiqués
Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-31180-audika_avis_mars2013_ve.pdf
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