Safe Orthopaedics: 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
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
Éragny-sur-Oise, France, December 17th, 2020, 8h30 CET - Safe Orthopaedics (FR0013467123 - ALSAF), a company specializing in the design, manufacturing and marketing of single-use technologies for spinal surgeries, delivering the safest treatment for spinal fractures urgently treated, announces the grant of a €0.8M€ subvention as part of the "Industrial Investment Support to the Territories", a €150M fund to support the most structuring industrial projects for the territories set up by the Government in the context of the Recovery Plan, and the signing of a financing agreement with the Luxembourg investment fund European High Growth Opportunities Securitization Fund (the "Investor") for the set up of a flexible bond financing line by issuance of 1.680 Tranche Warrants for bonds convertible or exchangeable into new and / or existing shares with a par value of €5,000 each (the "OCEANE"), broken down into 24 declining tranches of OCEANEs (see schedule below). The total nominal amount of the OCEANE bonds thus issued will be equal to €8.4 million. This contract follows the end of the OCEANE program launched with the Investor in 2019 which financed the Company up to approximately €11.5 million, the drawing of the last tranche of OCEANE from this first program being scheduled for the next few days.