March 1, 2018 / 6:25 AM / in 8 months

BRIEF-The EU Provides Biocartis With Up To 24 Million Euros Debt For Infectious Disease Projects

March 1 (Reuters) - Biocartis Group Nv:

* REG-BIOCARTIS GROUP NV: EUROPEAN UNION PROVIDES BIOCARTIS WITH UP TO EUR 24M DEBT FINANCING FACILITY FOR INFECTIOUS DISEASE PROJECTS

* THE DEBT FINANCING FACILITY CONSISTS OF TWO TRANCHES, EACH WITH A MINIMUM AMOUNT OF EUR 6 MLN‍​

* FIRST TRANCHE IS TO BE DRAWN WITHIN 12 MONTHS

* SECOND TRANCHE WITHIN 18 MONTHS FOLLOWING DISBURSEMENT OF FIRST TRANCHE

* CO ENTITLED TO FORGO DRAWDOWNS ON FACILITY Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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