Cegedim: New €230 million financing arrangement

PRESS RELEASE

Financial information IFRS - Regulated information

Cegedim: New €230 million financing arrangement

• €180 million refinancing loan
• €50 million revolving credit facility

Boulogne-Billancourt, France, July 31, 2024, after the market close

Cegedim has secured a new financing arrangement consisting of a €230 million syndicated loan. The arrangement is split into €180 million of lines drawn upon closing to refinance the Group’s existing debt (RCF and Euro PP, which mature in October 2024 and October 2025 respectively) and an additional revolving credit facility (RCF) of €50 million. This new financing arrangement will bolster the Group’s liquidity and extend the maturity of its debt.

The syndicated loan, arranged by LCL (lead) and Crédit Agricole Ile-de-France, consists of a 5-year, €30 million Tranche A repayable in €3 million increments every six months; a 6-year, €60 million Tranche B repayable upon maturity; and a 7-year, €90 million Tranche C repayable upon maturity. With an additional 5-year, €50 million RCF with an optional 1-year extension, undrawn at the closing, all the Group’s financing needs are covered.

Like its previous borrowings, the new syndicated loan is governed by the standard commitment and default clauses customarily included in this type of agreement and subject to financial ratio covenants: The Group must ensure that its leverage ratio is less than 2.50 and its interest cover ratio is greater than 4.50.

To secure this financing, the Group has fully pledged its shares in its subsidiaries Cegedim Media, Cegedim Activ, and GERS, and partially pledged those of cegedim.cloud. The Group undertakes not to sell its shares in Cegedim Santé, Resip, or Cetip without the consent of its lenders.

Cegedim was advised by ODDO BHF (financial) and the firm of Norton Rose Fulbright (legal).

NoticeThis press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim’s authorized distributor on July 31, 2024, no earlier than 5:45 pm Paris time.
About Cegedim:Founded in 1969, Cegedim is an innovative technology and services group in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs more than 6,500 people in more than 10 countries and generated revenue of €616 million in 2023. Cegedim SA is listed in Paris (EURONEXT: CGM).To learn more please visit: www.cegedim.frAnd follow Cegedim on Twitter @CegedimGroup, LinkedIn and Facebook.
Aude BalleydierCegedimMedia Relations and Communications ManagerTel.: [phone] [e-mail]	Damien BuffetCegedimHead of Financial Communication Tel.: [phone] [e-mail]	Céline Pardo BecomingMedia Relations   Tel.:        [phone] [e-mail]

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• Cegedim_NewFinancingArrangement 20240731_EN