EDAP TMS SA (Nasdaq: EDAP) (“EDAP” or the “Company”), a global leader in robotic, energy-based therapeutic technologies, today announced that it has entered into a €36 million multi-tranche credit facility (the “Credit Facility”) with the European Investment Bank (EIB). The financing is backed by a guarantee by InvestEU, the European Commission’s program to sustain innovation.
This operation is the first signed by the EIB with BRED Banque Populaire to support the development of overseas territories. The EIB is thus providing €400 million in financing to BRED Banque Populaire, with an initial tranche of €100 million just released, which will enable €800 million to be mobilised for the benefit of overseas companies.