Latecoere Announces Comprehensive Recapitalization - Seite 2

With this Recapitalization Agreement, Latecoere wishes to reiterate the principles of its industrial vision, which consist of a.) maintaining its decision centre in Toulouse; b.) consolidating its value-add activities in the Toulouse region within its sites at La Roseraie and Montredon; and c.) investing in its global operating footprint to serve its European and American aerospace client base.

The recapitalization has been approved by the investment committee of SCP, the affected lenders and the French state, but remains subject to long form documentation and final approval by the affected lenders’ credit committees, under the aegis of the CIRI and Maître Bourbouloux. This agreement will be documented in a conciliation protocol which is to be homologated by the Tribunal de Commerce de Toulouse.

Latecoere will keep the market informed in due course once the conciliation protocol is homologated.

About Latecoere

As an international group and "Tier 1" partner of the world's leading aircraft and spacecraft manufacturers (Airbus, Boeing, Bombardier, Dassault Aviation, Embraer, Lockheed Martin), Latecoere serves the aerospace sector with innovative solutions for a sustainable world. The Group operates in all segments of the aerospace industry (commercial, regional, business and military), in two business areas:

• Aerostructures (55% of sales): doors, fuselage, wing and empennage, rods and struts.
• Interconnection Systems (45% of sales): aeronautics and space wiring, avionics racks, onboard equipment, electronic systems.

As of December 31, 2022, the Group employed 5,918 people in 14 countries. Latecoere is listed on Euronext Paris - Compartment B, ISIN Code: FR0000032278 - Reuters: AEP.PA - Bloomberg: AT.FP

¹ The shareholder loan of up to €45 million from SCP to be repaid as part of the €100 million rights issue

View source version on businesswire.com: https://www.businesswire.com/news/home/20230508005649/en/

at the time of publication of the news with a raise of +4,98 % to 0,211 on Lang & Schwarz stock exchange (29. April 2023, 01:00 Uhr).