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EDAP TMS secures €36 mln credit facility from European Investment Bank
2025-10-20 20:50
- EDAP TMS SA (NASDAQ:EDAP) said on Monday it entered into a €36 million multi-tranche credit facility with the European Investment Bank to support the expansion of its Focal One robotic high-intensity focused ultrasound (HIFU) platform.
- The company said proceeds will fund global growth and new clinical developments for its HIFU technology.
- EDAP expects to draw the first €11 million tranche in the fourth quarter of 2025.
- The loan will be disbursed in three tranches bearing interest rates of 8%, 7% and 6%, each maturing five years after disbursement, with the EIB also receiving share warrants tied to the facility.
- EDAP +1.33% premarket to $2.2699.
- Source: Press Release
More on EDAP TMS S.A.
- EDAP executes letter of intent for €36M financing from European Investment Bank
- Seeking Alpha’s Quant Rating on EDAP TMS S.A.
- Historical earnings data for EDAP TMS S.A.
- Financial information for EDAP TMS S.A.
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