Aix-en-Provence (France) may 16, 2017. GEP (Alternext – FR0011289198 – ALGEP) announces the implementation, by Bpifrance Financement, a credit medium term in the amount of 1.2 Million for a period of 7 years.
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As a result of the recent reinforcement of its own funds, through the entry into the capital of MCA Finance for an amount of 1.2 MILLION, GEP announced that it has obtained from Bpifrance Funding Loan Growth International (PCI) to a total of 1,204 M, for a period of 7 years with 2 years grace period. This loan will contribute to the financing of the international deployment Group.
The only guarantee associated with this funding consists of a cash pledge in the amount of 60 K under deduction of collateral during the term of the credit. Thanks to the quality of the listing of its shares with the Bank of France (E3), GEP was able to obtain financing conditions are particularly attractive, since the loan will bear a fixed interest rate annual of 2.29%.
This is the second financing borne directly by the entity GEP. For memory GEP had already obtained, in April 2016, a first funding from Bpifrance Funding in the amount of 1 Million.
This new loan bears therefore the total amount of the Group’s bank debt to 2.2 Million, compared to a level of own funds of 8.2 Million at December 31, 2016 (not including the capital increase of 1.2 Million, underwritten by MCA Funds, in 2017).
PHILIPPE PERRET, DIRECTOR GENERAL DELEGATE OF GEP :
“The establishment of this new borrowing by Bpifrance Funding is testimony to the renewed confidence of a major player in the financing in France vis-à-vis the development potential of our society. We can as well finance a portion of our international growth, without any dilutive impact to our shareholders. ”
About Global EcoPower (GEP)
Global EcoPower, a company based in Aix-en-Provence, is a manufacturer of central autonomous production of electricity through the implementation of renewable energies, wind and solar power. GEP is listed on the market Alternext Paris Euronext stock exchange (ISIN code : FR0011289198 – mnémo : ALGEP). GEP is eligible for the PEA-PME.
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