on ABSCIENCES (EPA:AB)
AB Science Secures Two-Year Loan Repayment Deferment
AB Science has announced a crucial agreement in principle with its financial creditors to delay the repayment of its bank debt by 24 months. This debt amounts to approximately 3.7 million euros since January 2025. A key condition of this agreement is the postponement of at least 12 months on the European Investment Bank (EIB) COVID loan repayment, totaling 12 million euros.
The creditors have allowed a standstill period during negotiations. Terms include freezing principal repayments of state-guaranteed loans (3.5 million euros) from January 2025 until December 2026, with amortization resuming in early 2027 through to 2029. Similarly, innovation loan repayments of 0.2 million euros are frozen until September 2025, resuming in October 2025.
Securement of deferred terms with the EIB remains ongoing. The agreement intends to facilitate AB Science's investment in research and development.
R. E.
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