ORPEA: CONTINUATION OF DISCUSSIONS WITH FINANCIAL CREDITORS
11 Januar 2023 - 09:00PM
Business Wire
Regulatory News:
Considering the unusual evolution of its share price observed
over the last days, ORPEA (Paris:ORP) reminds that, in accordance
with the announcements made in the press releases published at the
end of last year, the Group has engaged in the negotiation of a
drastic financial restructuring comprising the equitization of €3.8
bn of ORPEA SA's unsecured debt and a share capital increase for an
amount between €1.3 bn and €1.5 bn in order to finance its
Refoundation Plan and reach a sustainable financial structure.
ORPEA reminds that the implementation of these share capital
increases will result in a massive dilution for existing
shareholders who would decide not to participate.
Discussions are still on-going between ORPEA, its financial
creditors and third-party investors under the conciliation
procedure opened by the President of the specialised Commercial
Court of Nanterre, under the aegis of the conciliator. The Company
cannot guarantee the outcome of these discussions.
The Company will continue to inform the market through its
corporate communications, in compliance with its legal and
regulatory obligations.
About ORPEA
ORPEA is a leading global player, expert in the care of all
types of frailty. The Group operates in 22 countries and covers
three core businesses: care for the elderly (nursing homes,
assisted living, home care), post-acute and rehabilitation care and
mental health care (specialized clinics). It has more than 72,000
employees and welcomes more than 255,000 patients and residents
each year.
https://www.orpea-group.com/
ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a
member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and
CAC Mid 60 indices.
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Investor relations Orpea Jean-Baptiste Roussille Head of
Investor Relations j-b.roussille@orpea.net Benoit Lesieur Investor
Relations Director b.lesieur@orpea.net Toll free tel. nb for
shareholders: +33 (0) 805 480 480
Investor relations NewCap Dusan Oresansky Tel : 01 44 71 94 94
ORPEA@newcap.eu
Media Relations Orpea/Image 7 Isabelle Herrier-Naufle Directrice
Relations Presse Tel : 07 70 29 53 74 i.herrier-naufle@orpea.net
Charlotte Le Barbier Image 7 Tel : 07 06 78 37 27 60
clebarbier@image7.fr
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