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Latécoère strengthens its liquidity by concluding new PGE loans and undertakes to launch a capital increase with preferential subscription rights for shareholders in the coming weeks

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Toulouse, France–(COMMERCIAL THREAD) – Regulatory news:

Latécoère (Paris: LAT), a tier 1 partner of major international aircraft manufacturers, today announced the signing of a conciliation protocol with all of its current and future financial creditors and its majority shareholder. This protocol concludes the discussions relating to a global recapitalization of the Group under the aegis of the Interministerial Committee for Industrial Restructuring (CIRI).

The protocol is subject to the fulfillment of several conditions precedent, in particular its approval by the Toulouse Commercial Court. Under the terms of the protocol, Latécoère has undertaken to carry out a capital increase, with maintenance of preferential subscription rights, for a minimum amount of 162.5 million euros, the prospectus of which must be approved by the AMF. It also provides for the obtaining by the company of State guaranteed loan (PGE) for a principal amount of 130 million euros, the rescheduling of the repayment schedules of the existing PGEs and the postponement of the maturity of the loans contracted with the European Investment Bank (EIB) to 2027.

The Company will keep the market informed in good time of the implementation of the various transactions agreed in the conciliation protocol, in accordance with the applicable regulations.

Warning

This press release and the information it contains do not constitute an offer to sell or subscribe, nor a solicitation of an order to buy or subscribe for Latécoère shares in Australia, Canada, Japan or the United States. America or any other country. in which any such offer or solicitation would be illegal.

The dissemination, publication or distribution of this press release may, in certain jurisdictions, constitute a violation of applicable local laws and regulations. Therefore, persons physically present in the jurisdictions in which this press release is disseminated, published or distributed should be aware of and comply with these local restrictions. This press release may not be broadcast, published or distributed, directly or indirectly, in Australia, Canada, Japan or the United States of America.

This announcement is not an advertisement and is not a prospectus within the meaning of Regulation (EU) No. 2017/1129 of the European Parliament and of the Council of June 14, 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing the Prospectus Directive 2003/71 / EC (the “Prospectus Regulation“).

With regard to the Member States of the European Economic Area other than France, no action has been taken or will be taken to make a public offer of the securities referred to herein requiring the publication of a prospectus in any Member State concerned. Consequently, any offer of Latécoère securities may be made in any Member State only (i) to qualified investors as defined in the Prospectus Regulation, or (ii) in any other case exempting Latécoère from the obligation to issue a prospectus in accordance with article 1 (4) of the Prospectus Regulation.

With regard to the United States, the securities of Latécoère have not been and will not be registered under the Securities Act of the United States of America, as amended (US Securities Act of 1933, as amended, hereinafter referred to as “U.S. Securities Law“). Latécoère securities may not be offered, sold, exercised or delivered in the territory of the United States of America, as defined by Regulation S of the US Securities Act, except by virtue of an exemption from registration .

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About Latécoère

International “Tier 1” partner of the world’s major aircraft manufacturers (Airbus, Boeing, Bombardier, Dassault, Embraer and Mitsubishi Aircraft), Latécoère is present in all segments of the aeronautics industry (commercial, regional, business and military aircraft), in two fields of activity:

  • Aerostructures (55% of turnover): fuselage sections and doors,
  • Interconnection systems (45% of turnover): wiring, electrical furniture and on-board equipment.

As of December 31, 2020, the Group employed 4,172 people in 13 different countries. Latécoère, a public limited company with capital of € 23,704,629.50 divided into 94,818,518 shares with a par value of € 0.25, is listed on Euronext Paris – Compartment B, ISIN codes: FR0000032278 – Reuters: LAEP.PA – Bloomberg: LAT .FP.