ORPEA: Adhesion to the Restructuring Plan Proposed by the Company of a Majority of Its Unsecured Financial Creditors
13 März 2023 - 08:00AM
Business Wire
Regulatory News:
ORPEA S.A. (Paris:ORP) (the “Company”) announces that as
of 10 March, which is the longstop date to accede to the lock-up
agreement relating to the financial restructuring of the Company
concluded on 14 February 2023 with, on the one hand, a group of
French long-term investors led by the Caisse des Dépôts,
accompanied by CNP Assurances, MAIF and MACSF, and, on the other
hand, five institutions holding unsecured debt of the Company (the
“SteerCo”)1, approximately 51% of the unsecured financial
creditors of the Company2 (representing unsecured debt of
approximately 1.9 billion euros) have adhered to the lock-up
agreement.
As planned, the Company contemplates to file, within the next
days, a request before the specialised Commercial court of Nanterre
for the opening of an accelerated safeguard proceeding in order to
implement its financial restructuring plan.
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/en/
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.
1 See the press release published by the Company on 14 February
2023.
2 Including the members of the SteerCo, which are the initial
signatories of the Lock-Up Agreement.
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version on businesswire.com: https://www.businesswire.com/news/home/20230313005336/en/
Investor Relations ORPEA 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.:
+33 (0)1 44 71 94 94 ORPEA@newcap.eu
Media Relations ORPEA Isabelle Herrier-Naufle
Media Relations Director Tel.: +33 (0)7 70 29 53 74
i.herrier-naufle@orpea.net
Image 7 Charlotte Le Barbier Tel.: +33 (0)6 78 37 27 60
clebarbier@image7.fr
Laurence Heilbronn Tel.: +33 (0)6 89 87 61 37
lheilbronn@image7.fr
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