ORPEA overview

Regulatory News: Further to the first drawing of €200 million made on 2 June 2023 (Loan D1A), a second drawing of €200 million under the “new money” financing agreement with the main banking partners of the Group to ORPEA SA (Paris:ORP) and its subsidiaries Niort 94 and Niort 95 has been made. This amount corresponds to the entire Loan D1B. These funds will be used to finance general corporate purposes, including debt service. The characteristics of Loan D1B and the main obligations of...

Regulatory News: ORPEA (Paris:ORP) announces that it has signed two agreements for the sale and lease-back of property portfolios for a total of €83 million. These transactions are in line with ORPEA's real estate asset ownership strategy set out in the Refoundation Plan announced on 15 November, which aims to hold a 20% to 25% ownership rate of operated sites medium-term. On 30 June 2023, ORPEA sold a portfolio of four recently built retirement homes with a total of 475 beds and a serviced...

Regulatory News: ORPEA SA (the "Company") (Paris:ORP) today announces its consolidated revenue for the 1 st half of 2023. While occupancy rates of retirement homes in France remained below expectations, the 2 nd quarter of 2023 confirmed the trend observed in the 1 st quarter of 2023, with growth of +11.1% vs. the same period last year. This is the result of an overall increase in occupancy rates, with the exception of France, an increase in installed capacity with the contribution of recently...

Regulatory News: Following on from recent announcements concerning the progress of its financial restructuring, ORPEA SA (the "Company") (Paris:ORP) today announces that it has reached a major milestone with the approval of its Accelerated Safeguard Plan (“ Plan de Sauvegarde Accélérée ”) by the Nanterre Specialised Commercial Court, by way of a cross-class cram down 1 . Laurent Guillot, Chief Executive Officer, said: “A key milestone has now been completed, and I'm pleased about that....

Regulatory News: Following the vote by the classes of affected parties on the ORPEA S.A. (the "Company") Accelerated Safeguard Plan, the results of which were made public on 28 June, on 11 July the Company applied to the Nanterre Specialised Commercial Court to have the Accelerated Safeguard Plan approved through a cross-class cram down. In this context, the Company wishes to provide the market with additional information on its operating and financial position at 30 June 2023 and on its...