Advising funds managed by BlackRock, Inc. on the refinancing of Biophytis SA
Reinhart Marville Torre advises funds managed by BlackRock, Inc. on the refinancing transaction of listed biotech Biophytis SA
Deal details
In the context of the refinancing transaction of ↗ Biophytis, a company listed on Euronext Growth Paris, including a rights issue of €2.5 million for Atlas Capital and private investors and the conversion into equity of up to €6.1 million of existing debt, a vehicle managed by ↗ BlackRock, Inc. has agreed to restructure its existing debt by subscribing to new convertible bonds for €2.8 million and amortizing bonds for €1 million and enter into an orderly sale agreement covering its resulting maximum 9.9% equity interest in the company.
Advisors
The team assisting the funds managed by BlackRock, Inc. in this project was led by Laurent Cavallier, partner, on the financing aspects, and Hadrien Bourrellis, partner, on the corporate and capital markets aspects, with Walid Bourahtouf, associate.
Reed Smith acted as legal advisors to Biophytis.
Atlas Capital was advised by Fontaine Avocats.
