SAFE SA strengthens its financing with a new amendment

SAFE SA has signed a fourth amendment to its bond financing agreement with Global Corporate Finance Opportunities 20. This new agreement modifies the timing and amount of the convertible bonds, aimed at supporting the strategic recovery of the Safe group, including Safe Medical and Safe Orthopaedics, in the 2025 financial year.

The amendment provides for the issuance of eleven tranches of convertible bonds for approximately €2.9 million. The net proceeds from this issue are estimated at €2.1 million. However, this transaction risks further diluting existing shareholders. Ultimately, this could also affect the company's share price, prompting caution before any new investments.