ESI: Signature of a New Syndicated Loan Amounting to €49 Million
November 05 2015 - 12:37PM
Business Wire
Increasing financing capacity in the short
and medium term
Regulatory News:
As part of its financing policy, ESI (Paris:ESI) has
announced the signature of a syndicated credit line amounting to
€49 million, taken out with a group of leading European banks.
This credit line, which replaces the syndicated credit line for
€30 million signed in 2011, will be used to fund the Group's
ambitious development plan.
Alain de Rouvray, ESI Group’s Chairman and CEO, comments: "This
successful operation demonstrates once again the confidence of our
financial partners in the Group and its development strategy. The
envelope will allow the Group to secure its short and medium term
financing needs and also gives it sufficient visibility to pursue
its acquisitions strategy while remaining on target with its
development, competitiveness and improved profitability goals."
The banking syndicate is made up of the following 6 members:
- Arranger and Agent: Crédit du
Nord
- Participants: Crédit du Nord,
CM-CIC, Société Générale, Banque Palatine, HSBC and Crédit
Agricole.
Next event:
Sales for the 3rd quarter of 2015November 26, 2015
About ESI
ESI is a world-leading provider of Virtual Prototyping software
and services with a strong foundation in the physics of materials
and Virtual Manufacturing.Founded over 40 years ago, ESI has
developed a unique proficiency in helping industrial manufacturers
replace physical prototypes by virtually replicating the
fabrication, assembly and testing of products in different
environments. Virtual Prototyping enables ESI’s clients to evaluate
the performance of their product and the consequences of its
manufacturing history, under normal or accidental conditions. By
benefiting from this information early in the process, enterprises
know whether a product can be built, and whether it will meet its
performance and certification objectives, before any physical
prototype is built. To enable customer innovation, ESI’s solutions
integrate the latest technologies in high performance computing and
immersive Virtual Reality, allowing companies to bring products to
life before they even exist.Today, ESI’s customer base spans nearly
every industry sector. The company employs more than 1,000
high-level specialists worldwide to address the needs of customers
in more than 40 countries.
ESI is listed in compartment C of NYSE Euronext Paris and is
granted “Entreprise Innovante” (Innovative Company) certification
since 2000 by Bpifrance. ESI is eligible for inclusion in FCPI
(venture capital trusts dedicated to innovation) and PEA PME.
For further information, go to www.esi-group.com.
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Investor RelationsESI Group – Europe &
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