Common Contracts

AGREEMENT IN PRINCIPLE ON THE FINANCIAL RESTRUCTURING PLAN BETWEEN THE COMPANY, A GROUP OF FRENCH INVESTORS LED BY THE CAISSE DES DEPOTS ET CONSIGNATIONS AND A REPRESENTATIVE GROUP OF UNSECURED FINANCIAL CREDITORS OF ORPEA SA

February 1st, 2023

• Filed
  February 1st, 2023

ORPEA SA (the “Company”) takes note, on the basis of the minutes of the conclusions of the discussions between the parties established by the conciliator in the context of the conciliation procedure, that an agreement in principle1 on a financial restructuring plan (the “Agreement in Principle”), has been reached between the Company and, on the one hand, a group of French long- term investors led by the Caisse des Dépôts et Consignations, accompanied by CNP Assurances, and also including the MAIF, accompanied by MACSF (together, the “Groupement”), and on the other hand, the five main institutions (the “SteerCo”) coordinating an enlarged group of unsecured financial creditors of ORPEA SA holding about 50% of the unsecured debt of the Company amounting to nearly 3.8 billion euros (the “Unsecured Financial Creditors Supporting the Agreement in Principle”).