debt
confidence high
sentiment negative
materiality 0.60
OpGen subsidiary Curetis in standstill on €3M EIB loan; pays €1M to avoid default
CapForce Inc.
- Curetis agreed in principle to a standstill on €3M principal plus accrued interest loan tranche that matured June 22, 2023.
- Curetis made €1M payment to EIB on June 22; EIB will not declare default until restructuring deal or Nov 30, 2023.
- No assurance a definitive restructuring agreement will be reached on these terms.