emeis Raises €3.15 Billion in New Financing

About this update from Emeis

Early refinancing of A/B/C/D bank debt Early exit from the accelerated safeguard plan 1 PUTEAUX, France, December 18, 2025 --( BUSINESS WIRE )--Regulatory News: emeis (Paris:EMEIS) finalized the raising of new financing totaling €3.15 billion with its banking partners and financial investors, based on the agreements in principle announced in a press release on November 10, 2025. A total of €3.15 billion in new financing with an average maturity of 5.5 years and an average margin on EURIBOR of 247 basis points 2 . This new financing breaks down as follows: The financing obtained, of which the main characteristics are specified in this press release, will enable the early repayment of the former A, B, C and D loans , whose outstanding balance at the end of October 2025 amounted to approximately €2.9 billion . This repayment will enable the Group to request early exit from the accelerated safeguard plan 1 . A request to this effect will be filed with the Nanterre Economic Court in the coming weeks. The repayment of the old loans, as well as the settlement and delivery of the bond tranche and the exercise of Tranches 1 and 3A, were completed today. The finalization of the agreement also removes the main condition precedent relating to the closing of the real estate project 4 , which will enable the Group to reduce its debt by around €700 million and is expected to close in early 2026. This transaction was communicated through a dedicated press release published on September 23, 2025. Laurent Guillot, CEO of emeis : "The finalization today of the agreement recently announced with our banking partners and financial investors marks a major step in the Group's restructuring. The early repayment of bank debt, more than a year ahead of schedule, will lead to an early exit from the safeguard plan and enable us to strengthen our financial structure in the long term. This agreement, obtained with the full support of our Board of Directors, allows the Group to pursue its transformation with confidence in the service of residents, patients, and beneficiaries, and to accelerate the recovery of its operational performance. It is a powerful symbol of the progress made by all our teams for the benefit of the most vulnerable." About emeis With nearly 83,500 experts and professionals in healthcare, nursing, and support for the most vulnerable, emeis is present in some 20 countries and covers five areas of expertise: psychiatric clinics, medical and rehabilitation clinics, nursing homes, home care and services, and assisted living facilities. emeis welcomes nearly 280,000 residents, patients, and beneficiaries each year. emeis is committed to and mobilized around addressing one of the major challenges facing our societies: the increase in the number of people made vulnerable by life events, old age, or mental illness. In June 2025, emeis became a mission-driven company, enshrining four commitments in its articles of association: to work to change perceptions of the most vulnerable and their loved ones in order to achieve true inclusion; to contribute to the fair recognition and attractiveness of our professions; to make caring for the most vulnerable a major contribution to local social ties and territorial cohesion ; and innovate to contribute to care that respects the planet and living beings . emeis , 50.3% owned by Caisse des Dépôts, CNP Assurances, MAIF, and MACSF Epargne Retraite, is listed on Euronext Paris (ISIN: FR001400NLM4) and is a member of the SBF 120, CAC Mid 60, and CAC All-Tradable indices. Website: www.emeis.com A strengthened debt maturity profile for the Group This refinancing increases the average maturity of the debt by 2.5 years, bringing it close to 5 years. The Group's debt maturity schedule has therefore been modified as shown in the graphs below 5 . Credit margins and specific terms and conditions for new financing All new financing, with an average margin of 247 basis points over EURIBOR 6 7 , benefits from collateral on two separate scopes (one shared for Tranche 1 and Tranche 2 and the other on Tranche 3) covering all securities of emeis SA subsidiaries, with the exception of the scope dedicated to the healthcare real estate company 8 and a few assets, mainly French real estate, directly held by emeis SA. Tranche 2 (listed bond issue, ISIN FR0014014Y63) alone offers a margin of 475 basis points over EURIBOR 3 months . This bond tranche was the subject of a placement operation aimed at diversifying and significantly increasing the number of participating investors. The firm commitments received were therefore served to the investors concerned through allocations ranging from 72% to 100%. The new financing agreements contain mandatory early repayments: The financing documentation for Tranche 1 and Tranche 2 provides for pari passu treatment of these financings. emeis SA also undertakes to: Finally, emeis may decide to distribute dividends in the future, provided that (i) the leverage ratio of the Group 10 is less than 7.5x (and less than the level of the covenant mentioned above) on the last test date and (ii) within the limit of 40% of the consolidated net income for the financial year concerned. Cautionary statement – forward-looking information This press release contains forward-looking information that involves risks and uncertainties, including information included or incorporated by reference, concerning the Group's future growth and profitability, which may cause actual results to differ materially from those indicated in the forward-looking information. These risks and uncertainties are related to factors that the Company cannot control or accurately estimate, such as future market conditions. The forward-looking information contained in this press release constitutes expectations about future events and should be considered as such. Actual events or results may differ from those described in this document due to a number of risks or uncertainties described in the Company's 2024 Universal Registration Document available on the Company's website and that of the AMF ( www.amf-france.org ), and in the 2025 Half-Year Financial Report, which is available on the Company's website.   View source version on businesswire.com: https://www.businesswire.com/news/home/20251218951889/en/ Contacts Press contacts Isabelle HERRIER NAUFLE Director of Press Relations & e-reputation +33 (0)7 70 29 53 74 [email protected] IMAGE 7 Charlotte LE BARBIER +33 (0)6 78 37 27 60 [email protected] Investor Relations Samuel HENRY DIESBACH Director of Investor Relations & Capital Markets [email protected] +33 (0)6 70 85 38 57 Toll-free number for shareholders 0 805 480 480 NEWCAP Dusan ORESANSKY +33 (0)1 44 71 94 94 [email protected]

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