Jan. 2015 | EOS Imaging secures Senior Debt Financing of up to €15m with IPF Partners
Paris, 14 January, 2015
EOS imaging (NYSE Euronext, FR0011191766 – EOSI), the pioneer in 2D/3D orthopedic medical imaging, announced today that it has secured 15 million euros in senior debt that includes the immediate issuance through bonds with stock warrants (OBSA) for 540,000 euros and the issuance of three tranches of bonds for a total of 14,460,000 euros. The first tranche, totaling 4,460,000 euros, is available until March 31, 2015, while the second and third tranches, optional and for 5 million euros each, are available until December 31, 2015 and June 30, 2016 respectively. The IPF I fund managed by IPF Partners has undertaken to subscribe to all of these securities.
Marie Meynadier, CEO of EOS imaging, states: “We are delighted to secure this senior debt. We now have flexible and complementary financing solutions, one debt-based and the other capital-based. There is a significant opportunity to drive adoption of the EOS system on a global basis and this operation comfortably secure the Group’s financing development plan until we achieve positive cash flow. We will use both of these levers in an optimal manner depending on market conditions, in order to limit both the dilutive effect and financial costs, in the interests of both the Company and its shareholders.”