on HYBRIGENICS (EPA:ALHYG)
Hybrigenics enters into discussions with its creditors to reorganize its financial situation
Illkirch, June 7, 2024 - The Aton Group (Hybrigenics SA) has initiated discussions with its main creditors with the aim of cleaning up its financial situation.
As of December 31, 2023, the group had financial debt of 3.2 million euros, mainly composed of convertible bonds and a debt of 2.0 million euros with DMS Group. Currently, Aton has a cash horizon until July 2024.
In February 2024, a memorandum of understanding with Vatel Capital was signed to stagger the repayment of the convertible bond loan of 1.5 million euros maturing in 2026 and 2027. Clearing the liabilities would improve the group's financial visibility .
Ongoing discussions, in particular with Vatel Capital and DMS Group, could lead to a conciliation procedure to settle the claims. Thus, the general meeting scheduled for the end of June 2024 could be postponed to September 2024.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all HYBRIGENICS news