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Bollene, December 282022 – 6:00 pm (CET)
Press release
The Group enters into a financing agreement with Amerisource Business Capital for its US entity.
group (Euronext Growth Paris™ – ISIN: FR0000072373 – Mnemo: ALGID) and Amerisource Business Capital, a direct lender and provider of capital to growing businesses across the United States and one of the largest independent financial firms in the United States, today announced that they have entered into a $3 million financing agreement Did.
This asset-based loan (ABL) will finance Egide USA and Santier for $1.5 million each, based on each entity’s accounts receivable and inventory.
Amerisource Business Capital used the $3 million new loan to repay the credit line and remaining long-term loans to the Bank of California for a total of $2.66 million.
Combined with the $6 million sale/leaseback of a building in Cambridge (Mississippi, USA), Egide now has a clean financial position to focus on following its growth strategy in existing and future markets.
financial calendar
2022 full-year sales | January 26, 2023 |
contact address
EGIDE – Luc Ardon – CFO – +33 4 90 30 35 94 – [email protected]
FIN’EXTENSO – Press Relations – Isabelle Aprile – +33 1 39 97 61 22 – [email protected]
About Ejide – www.egide-group.Com
Egide is a group with an international dimension that specializes in manufacturing hermetic packaging and heat dissipation solutions for sensitive electronic components. The company operates in leading-edge markets with strong technological barriers to entry in all important industrial segments (thermal imaging, optronics, radio frequency, power units, etc.). Egide is the only pure player in this niche with manufacturing bases in France and the USA.
Ezide Euronext Growth Paris™ – ISIN : FR0000072373 – Mnémo : ALGID
Stay up to date with all the Group’s news online: www.egide-group.com and LinkedIn
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Egide-PR-American Source-EN-221228
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