FIGEAC AERO : EBRD SUPPORTS FIGEAC AÉRO EXPANSION WITH FUNDING OF EUR 38 MILLION

The FIGEAC AÉRO Group (ticker code: FGA), leading partner of major aerospace industry companies, confirms that it has obtained funding of €38 million from the European Bank for Reconstruction and Development (EBRD). The first tranche of €15 million corresponds to the refinancing of investments made, with no impact on the Group's net debt as at March 31, 2018, and the following tranches will be used after the end of the 2017/18 financial year.

This funding will be used to support FIGEAC AÉRO's planned investments to expand its production capacity in Tunisia and Morocco. The loan from this leading international financial institution is testament to the quality of the development projects led by the Group in the Southern and Eastern Mediterranean (SEMED) region. It reflects efforts underway to support major industrial development programmes that offer a positive impact on local economies.

Jean-Claude Maillard, CEO – Founder of FIGEAC AÉRO, said: "We are extremely pleased with the confidence shown by the EBRD in our development project. This arrangement will not only strengthen our growth strategy, which combines industrial excellence with close customer relations and competitiveness, but will also enable us to diversify our sources of funding. It fits perfectly with our desire to accelerate the roll-out of our production capacities to meet the needs of our clients."

Next publication

31 January 2018 post-trading: publication of Q3 2017/18 revenue

FIGEAC AÉRO
ACTUS finance & communication


Jean-Claude Maillard

Chief Executive Officer

Tel: +33 (0)5 65 34 52 52
Corinne Puissant

Analyst/Investor Relations

Tel: +33 (0)1 53 67 36 77

[email protected]
Jean-Michel Marmillon

Press Relations

Tel: +33 (0)1 53 67 36 73

[email protected]

Source: Actusnews