Regulatory News:
As part of its financing policy, ESI (Paris:ESI) has announced the signature of a syndicated credit line amounting to €49 million, taken out with a group of leading European banks.
This credit line, which replaces the syndicated credit line for €30 million signed in 2011, will be used to fund the Group's ambitious development plan.
Alain de Rouvray, ESI Group’s Chairman and CEO, comments: "This successful operation demonstrates once again the confidence of our financial partners in the Group and its development strategy. The envelope will allow the Group to secure its short and medium term financing needs and also gives it sufficient visibility to pursue its acquisitions strategy while remaining on target with its development, competitiveness and improved profitability goals."
The banking syndicate is made up of the following 6 members:
- Arranger and Agent: Crédit du Nord
- Participants: Crédit du Nord, CM-CIC, Société Générale, Banque Palatine, HSBC and Crédit Agricole.
Next event:
Sales for the 3rd quarter of 2015
November 26, 2015
About ESI
ESI
is a world-leading provider of Virtual Prototyping software and services
with a strong foundation in the physics of materials and Virtual
Manufacturing.
Founded over 40 years ago, ESI
has developed a unique proficiency in helping industrial manufacturers
replace physical prototypes by virtually replicating the fabrication,
assembly and testing of products in different environments. Virtual
Prototyping enables ESI’s clients to evaluate the performance of
their product and the consequences of its manufacturing history, under
normal or accidental conditions. By benefiting from this information
early in the process, enterprises know whether a product can be built,
and whether it will meet its performance and certification objectives,
before any physical prototype is built. To enable customer innovation,
ESI’s solutions integrate the latest technologies in high performance
computing and immersive Virtual Reality, allowing companies to bring
products to life before they even exist.
Today, ESI’s
customer base spans nearly every industry sector. The company employs
more than 1,000 high-level specialists worldwide to address the needs of
customers in more than 40 countries.
ESI is listed in compartment C of NYSE Euronext Paris and is granted “Entreprise Innovante” (Innovative Company) certification since 2000 by Bpifrance. ESIis eligible for inclusion in FCPI (venture capital trusts dedicated to innovation) and PEA PME.
For further information, go to www.esi-group.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151105006391/en/
Contacts:
ESI Group – Europe & Asia
Corentine
Lemarchand
+33 1 53 65 14 14
or
ESI Group -
Americas
Corinne
Romefort-Régnier
+1 415 994 3570
or
NewCap
Emmanuel
Huynh
Louis-Victor Delouvrier
+33 1 44 71
98 53