Carmat announced Friday evening that it had reached a final agreement with all its financial creditors on new repayment terms for its bank loans, following the conditional agreements in principle announced on January 12 and February 22.

The final agreement covers all bank loans, including the loan of 30 million euros in principal from the EIB and the two EMPs of five million euros in principal each from BNP Paribas and Bpifrance.

In view of this agreement and its cash position, the artificial heart designer can finance its activities, according to its current business plan, until mid-May 2024, and estimates its financing needs over the next 12 months at around 35 million.

Carmat adds that it is 'continuing to work very actively on other initiatives to strengthen its short-term capital base and alleviate its cash constraints, and thus be in a position to continue its activities beyond mid-May 2024'.

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