End of discussions between a consortium of french third-party investors led by the Caisse des Dépôts et Consignations and a group of unsecured financial creditors

As indicated in its press release published on 11 January 2023 and in accordance with the announcements made in the press releases published during the end of last year, ORPEA has continued over the last few days its discussions with a consortium 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. These discussions have been conducted under the aegis of the conciliator, as part of the conciliation procedure opened by the President of the specialized Commercial Court of Nanterre. They aimed at reaching, as quickly as possible, a firm agreement on the restructuring plan allowing to finance the Company’s Refoundation Plan and to reach a sustainable financial structure.