Faced with several months of persistent difficulties in the procurement of components and major disruptions in the supply chain resulting from the ongoing of the health crisis and the Ukrainian conflict and in a global aerial work platform market that is still very dynamic, Haulotte has approached all of the lenders of its syndicated loan as well as BPI France to secure a State Guaranteed Loan of € 96 million.
The purpose of this loan is to allow Haulotte to maintain all its agility to face the many hazards and uncertainties the Group is confronted with and could confront in the future.
This loan, obtained on June 28, 2022, will be 90% guaranteed by the French State, with a maturity of one year, and an option to extend it for up to five additional years (June 2028).
Alexandre Saubot (C.E.O. of Haulotte Group): "This financing will allow the Group to secure its cash position in order to face an operational context that remains complicated, while retaining the ability to seize current and future opportunities in a dynamic market".
2022 HY Results: September 6, 2022