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Medincell: two financial clauses lifted by the EIB
(CercleFinance.com) - Medincell reports that the European Investment Bank (EIB) has decided to remove two financial clauses from the loan agreement which were due to come into force on April 1, 2025, as it no longer considers them necessary.
The company had announced on December 10, 2024 that it was unable to meet these two clauses and was in advanced discussions with the EIB on the subject. They will be definitively lifted in a few weeks' time, once the legal documentation has been finalized. Two other financial covenants, in force since September 2023, which require Medincell to have at all times a minimum cash position of eight million euros and cash visibility of at least twelve months, remain applicable. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
12/02/2025 18:07
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