Vergnet: operational financing secured
The renewable energies specialist said it had concluded a bond financing of two million euros with a maturity of four and a half years, accompanied by additional financing via the strengthening of its equity capital likely to reach six million.
In a press release, the group refers to a 'unique' operation carried out with the management company Delta Alternative Management, which had already participated in its 2018 and 2019 fundraisings.
In addition to the two-million euro bond financing, due to mature in 2028, the six-million euro secondary financing will take the form of bonds convertible into shares, but without BSAs.
CEO Vincent de Mauny calls it a "mix" of traditional debt and convertible debt.
"Over the past few months, I have been working intensively with a new team to turn around Vergnet's economic and financial situation", he recalls.
From his point of view, this financing will provide the "bridge" essential for operations.
It's a necessary next step, but I'm convinced that in a few months' time our company will have a completely different profile", he assures us.
Vergnet shares were up by more than 2% at the end of the morning, outperforming a Paris market that was up by 0.1% at the same time, and posting a small increase of 3% since the beginning of the year.
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