Groupe Berkem announces the success of a financial package of 50 million euros, including 43.5 million euros of senior debt and 6.5 million euros of collection obligations

BLANQUEFORT, France–(BUSINESS WIRE)–Regulatory news:

Groupe Berkem, a major player in biosourced chemistry (ISIN code: FR00140069V2 – Mnemonic: ALKEM) (Paris:ALKEM), today announces the success of a financing from a pool of six French banks, as well as the issuance of recovery bonds in France.

Anthony Labrugnas, Chief Financial Officer of Groupe Berkem, said: “The success of the Group’s senior financing demonstrates the attractiveness of the Company and the confidence of our banking partners. Backed by its new financial resources, the Group now has expanded means to carry out future external growth operations.

The financing operation consists of the creation, for the benefit of Berkem Développement, a 100% subsidiary of the Berkem Group, of a Refinance loan for a total amount of 12 million euros (including two tranches of respectively 7.8 million euros to be amortized and 4.2 million euros in fine), a investment credit facility (comprising two tranches of €4.2 million and €2.3 million respectively), one tranche of €5 million Revolving credit facility and 40 million euros external growth credit facilityincluding 20 million euros confirmed.

TP ICAP Midcap was Berkem Développement’s exclusive financial advisor and coordinator of the operation. Caisse Régionale de Crédit Agricole Mutuel d’Aquitaine and Helia Conseil were mandated as co-arrangers. The banking pool is made up of 6 lenders: Caisse Régionale de Crédit Agricole Mutuel d’Aquitaine, Caisse d’Épargne et de Prévoyance Aquitaine Poitou Charentes, Banque Palatine, Banque Populaire Aquitaine Center Atlantique, Crédit Lyonnais and Banque Postale.

Fieldfisher advised Berkem Développement on senior debt and bond issues, and Bryan Cave Leighton Paisner advised the senior banking pool.

6.5 million euros of Recovery obligations subscribed to by the Obligations Relance France fund (investment fund managed by Eurazeo Investment Manager) and by the Obligations Relance France – Eurazeo Investment Manager fund.

Kramer Levin acted as advisor to Eurazeo Investment Manager.

ABOUT THE FRENCH RECOVERY BOND FUND

The French Recovery Bond fund, endowed with 1.7 billion euros, subscribed to by 19 insurers who are members of the Fédération Française de l’Assurance (FFA) and by Caisse des Dépôts, finances SMEs affected by the health crisis, which invest in their development and transformation. As part of the Recovery Plan of the Ministry of Economy, Finance and Recovery, the French Recovery Bond fund was created by insurers and Caisse des Dépôts, in cooperation with the Treasury. It benefits from a partial state guarantee.

Collection obligations have a term of eight years; they are redeemable at maturity; they offer SMEs-ETIs unsecured subordinated financing that can be obtained from management companies delegated to manage the fund.

ABOUT THE BERKEM GROUP

Founded in 1993 by Olivier Fahy, Chairman and Chief Executive Officer, the Berkem Group is a major player in the biosourced chemistry market. Its mission is to advance the environmental transition of companies producing chemicals used in everyday life (cosmetics, food, construction, public hygiene, etc.). By combining its expertise in both plant extraction and innovative formulations, the Berkem Group has developed biosourced boosters, unique high-quality biosourced solutions that increase the performance of synthetic molecules. Berkem Group achieved a turnover of 46 million euros and an EBITDA margin close to 20% in 2021. The Group has nearly 170 employees divided between its head office (Blanquefort, Gironde) and three production sites in Gardonne (Dordogne), -Buch (Gironde), and Chartres (Eure-et-Loir).

Groupe Berkem has been listed on Euronext Growth Paris since December 2021 (ISIN: FR00140069V2 – ALKEM)

www.groupeberkem.com

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