Navya obtains non-dilutive loan facility of €4.5m guaranteed by the French State

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Navya announces the signature of a €4.5 million credit agreement, guaranteed by the French State, with a bank syndicate.

Navya (FR0013018041-Navya), a leading company in autonomous driving systems, announces the signature of a €4.5 million credit agreement, guaranteed by the French State, with a bank syndicate.

This loan, in the form of a State-guaranteed loan in the context of the COVID-19 pandemic, contributes to strengthening the Company’s cash position. With this loan, the Company’s available cash amounts to €27.4 million as of August 31, 2020.

This loan is 90% guaranteed by the French State with an initial maturity of 12 months and an extension option of up to 5 years which may be exercised by Navya (until September2025).

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