Nanobiotix: agreement to restructure its loan agreement with the EIB – 09/12/2022 at 08:55

(AOF) – Nanobiotix has obtained an agreement in principle from the European Investment Bank to restructure 30.7 million euros from the loan agreement signed in 2018. The agreement in principle is structured around cash flows cash envisaged by Nanobiotix around its potential future growth levers, including the hypothesis of the commercialization of NBTXR3 and possible partnerships.

This agreement in principle provides for the deferral of approximately €25.3 million of capital repayments until June 2029 and approximately €5.4 million of capitalized interest payments until October 2024.

It also includes the payment in 2029 of an additional amount limited to a maximum of 20 million euros, the maturity of which could be accelerated if one of these envisaged cash flows were to occur.

The original claim will continue to accrue interest payable until the new due dates. The initiation of the six-year annual royalty period is also postponed to begin on the first commercialization date of NBTXR3.

“Restructuring this EIB loan by extending its maturity date will allow Nanobiotix to focus on its priority NBTXR3 development programs through 2023 while extending its operational capacity by a quarter. With the potential access to additional capital resources at Using the existing equity line, the company’s operational capacity could extend until the first quarter of 2024”, commented art Van Rhijn, chief financial officer of Nanobiotix.

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