PARIS, May 18, 2020 /PRNewswire/ --
EKINOPS (Euronext Paris - FR0011466069 – EKI), a
leading supplier of telecommunications solutions for telecom
operators, has drawn up a term sheet with its bank partners with a
view to obtaining a new €12 million credit facility.
The loan, 90% of which is guaranteed by the French state under
the PGE state-guaranteed loan scheme (ministerial orders of
March 23 and April 17, 2020 awarding the state guarantee to
credit institutions and finance companies, implementing Article 6
of Law no. 2020-289 of March 23,
2020), will have a maturity of one year with optional
extension for up to five additional years (May 2026) at the Company's discretion.
Meanwhile, US subsidiary Ekinops Corp. has obtained USD 596,000 of financing under the Paycheck
Protection Program (PPP), a scheme offered to SMEs by the Small
Business Administration (SBA) in tandem with State governors to
help them get through the crisis. This loan is granted for a
maximum two-year term with a six-month payment deferral.
For more information, visit www.ekinops.com
EKINOPS Contact
Didier Brédy
Chairman and CEO
contact@ekinops.com
Investors
Mathieu Omnes
Investor relation
Tel.: +33 (0)1 53 67 36 92
momnes@actus.fr
Press
Nicolas Bouchez
Press relation
Tel.: +33 (0)1 53 67 36 74
nbouchez@actus.fr
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SOURCE Ekinops