GENFIT revises the conditions of its offer for the 2025 OCEANEs

GENFIT announced a revision of the repurchase conditions of the OCEANEs 2025 convertible bonds. This decision follows a non-dilutive financing agreement with HealthCare Royalty for a maximum amount of €185 million. The company offers holders of OCEANEs two options: a repurchase at €32.75 per bond or a payment of €0.90 for each bond not repurchased after their cancellation.

These proposals are conditional on the approval of Royalty Financing at the general meeting of OCEANE holders, scheduled for March. An amendment to the terms of the bonds is necessary to allow the implementation of this financing, which notably involves the creation of a security trust.

Holders interested in the repurchase are invited to contact GENFIT to participate in this offer. The results of the meeting and the implementation of the financing will be announced at a later date.