ORPEA: Resumption of Discussions Between the Company, a Group of French Third-Party Investors Led by the Caisse des Depots et Consignations and a Group of Unsecured Financial Creditors

Rhea-AI Summary

ORPEA has resumed discussions with French investors and creditors regarding its €3.8 billion unsecured debt. The company has requested a suspension of its shares and debt securities listing on Euronext Paris, pending further announcements. ORPEA operates in 22 countries, focusing on elderly care, rehabilitation, and mental health services, employing over 72,000 staff and serving over 255,000 patients and residents annually. As a member of major indices like the SBF 120 and STOXX 600, the company is navigating significant financial restructuring amidst its ongoing challenges.

Positive

• Resumed discussions with key investors and creditors regarding debt restructuring.

Negative

• Request for suspension of shares and debt securities listing on Euronext Paris.

Suspension of the Listing of the Shares and Debt Securities

PUTEAUX, France--(BUSINESS WIRE)-- Regulatory News:

ORPEA (Paris:ORP):

The Company announces that the discussions between the Company, a group of French third-party investors led by the Caisse des Dépôts et Consignations and a group of unsecured financial creditors holding approximately 50% of the Company’s €3.8 billion unsecured debt have resumed.

In addition, the Company has requested from Euronext Paris the suspension of the listing of its shares and all its debt securities, pending the publication of a press release.

About ORPEA

ORPEA is a leading global player, expert in the care of all types of frailty. The Group operates in 22 countries and covers three core businesses: care for the elderly (nursing homes, assisted living, home care), post-acute and rehabilitation care and mental health care (specialized clinics). It has more than 72,000 employees and welcomes more than 255,000 patients and residents each year.

https://www.orpea-group.com/

ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and CAC Mid 60 indices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230129005037/en/

Investor Relations

ORPEA

Jean-Baptiste Roussille

Head of Investor Relations

j-b.roussille@orpea.net

Benoit Lesieur

Investor Relations Director

b.lesieur@orpea.net

Toll free tel. nb. for shareholders:

+33 (0) 805 480 480

Investor Relations

NewCap

Dusan Oresansky

Tel.: +33 (0)1 44 71 94 94

ORPEA@newcap.eu

Media Relations

ORPEA

Isabelle Herrier-Naufle

Media Relations Director

Tel.: +33 (0)7 70 29 53 74

i.herrier-naufle@orpea.net

Image 7

Charlotte Le Barbier

Tel.: +33 (0)6 78 37 27 60

clebarbier@image7.fr

Source: ORPEA

FAQ

What is ORPEA's current financial situation regarding its unsecured debt?

ORPEA is in discussions with creditors about its €3.8 billion unsecured debt.

Why did ORPEA suspend its share listing on Euronext Paris?

The company requested the suspension pending further press releases related to its financial status.

What sectors does ORPEA operate in?

ORPEA specializes in elderly care, rehabilitation, and mental health services globally.