Egide: The Group enters into a financing agreement with Amerisource Business Capital for its US entities
28 Diciembre 2022 - 11:00AM
Egide: The Group enters into a financing agreement with Amerisource
Business Capital for its US entities
Bollène, December 28, 2022 – 06 :00pm
(CET)Press Release
The Group enters into a financing
agreement with Amerisource Business Capital for its US
entities
Egide Group (Euronext Growth Paris™- ISIN:
FR0000072373 - Mnemo: ALGID) and Amerisource Business Capital, a
direct lender and capital provider to growing businesses throughout
the United States and one of the largest independent finance
American companies, today announced the signing of a $3M financing
agreement.
This asset-based financing (ABL) who finances
Egide USA and Santier at 1,5M$ each based on the Accounts
Receivable and Inventories of each entity.
Amerisource Business Capital has used the new
financing of 3M$ to repay the Lines of Credit and Remaining Long
Term Loans to Bank of California for a total amount of 2.66M$.
Combined with the $6 million sale/leaseback of
the Cambridge (MS, USA) building, Egide now has a clean financial
position that allows it to focus on following its growth strategy
in its existing and future markets.
FINANCIAL CALENDAR
|
2022 full year sales |
January 26, 2023 |
CONTACTS
EGIDE – Luc Ardon –
CFO - +33 4 90 30 35 94 –
luc.ardon@fr.egide-group.com
FIN’EXTENSO – Press Relations - Isabelle
Aprile - +33 1 39 97 61 22 – i.aprile@finextenso.fr
About Egide -
www.egide-group.com
Egide is a group with
an international dimension, specialized in the manufacture of
hermetic packages and heat dissipation solutions for sensitive
electronic components. It operates in cutting edge markets with
strong technology barriers to entry in all critical industry
segments (Thermal Imaging. Optronics. High-Frequency. Power
Units…). Egide is the only pure player in this market niche with
manufacturing bases in France and the United States.
EGIDE is listed Euronext Growth
Paris™- ISIN : FR0000072373 -
Mnémo : ALGID
Keep up to date with all the Group's news online:
www.egide-group.com and LinkedIn
- Egide-PR-Amerisource-EN-221228
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