emeis: Refinancing and Extension of Debt Maturity

About this update from Emeis

Agreement in principle with emeis's main banking partners and financial investors, enabling early exit from the accelerated safeguard plan PUTEAUX, France, November 10, 2025 --( BUSINESS WIRE )--Regulatory News: Emeis SA (Paris:EMEIS), together with its main banking partners and financial investors 1 , has approved the terms of an agreement in principle for the refinancing of the bank debt of emeis SA and its subsidiaries Niort 94 and Niort 95, subject to obtaining all the agreements of the credit committees of the institutions concerned and finalization of the contractual documentation. This refinancing will increase the average maturity of the debt by 2.5 years, bringing it to nearly 5 years, and will enable emeis SA to exit its accelerated safeguard plan ahead of schedule. The emeis group is also continuing to execute disposals, with some transactions at a very advanced stage of negotiation, particularly in Switzerland, where the group could receive additional disposal proceeds between end 2025 and the first quarter of 2026 2 . The refinancing will be carried out through new financing totaling at least €3.15 billion, broken down as follows: This new financing will enable the early repayment of the former A, B, C, and D loans granted to emeis SA and its subsidiaries Niort 94 and Niort 95, whose outstanding balance at the end of October 2025 amounted to approximately €2.9 billion, thereby modifying the debt schedule as illustrated in the chart below 4 . All new financing, including the margin 5 on EURIBOR, which will average 247 basis points 6 , will benefit 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 real estate partnership 7 and a few assets, mainly French real estate, directly held by emeis SA. Tranche 2 (bond issue) alone will offer a margin of 475 basis points above EURIBOR . The new financing will also benefit from mandatory early repayments in the event of a change of control and: The financing documentation for Tranche 1 and Tranche 2 will provide for pari passu treatment of these financings. emeis SA will also undertake to: Finally, emeis may decide to distribute dividends in the future, provided that (i) the group's leverage ratio 9 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. The other characteristics of this financing will be disclosed to the market once the contractual documentation has been finalized. Laurent Guillot, Chief Executive Officer of emeis : " Having achieved and even exceeded our divestment plan well before the end of fiscal year 2025, we are today pleased to announce an agreement in principle with our main banking partners and financial investors. This agreement, obtained with the full support of our Board of Directors, increases the average maturity of the debt by 2.5 years, bringing it to nearly 5 years. With at least €3.15 billion in new financing, with an average maturity of 5.5 years, the Group will be in a position to refinance in advance the residual debt from loans historically granted under the 2022 conciliation protocol and the 2023 safeguard plan. With a now sustainable and normalized balance sheet structure, a major new step in the Group's restructuring has been taken, and emeis is looking ahead with confidence to the coming financial years. The Group can continue its transformation in line with its primary mission of serving its patients, residents, and their families, and accelerate the recovery in its operating performance that began in mid-2024." Disclaimer – forward-looking information This press release contains forward-looking statements that involve 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 statements. 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. 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 accidents, old age, or mental illness. In June 2025, emeis became a mission-driven company, enshrining four commitments in its articles of association: working to change perceptions of the most vulnerable and their loved ones 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 to innovate in order 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   View source version on businesswire.com: https://www.businesswire.com/news/home/20251109613737/en/ Contacts Press contacts Isabelle HERRIER NAUFLE Director of Press Relations & e-reputation 07 70 29 53 74 [email protected] IMAGE 7 Charlotte LE BARBIER // Laurence HEILBRONN +33 (0)6 78 37 27 60 // +33 (0)6 89 87 61 37 [email protected] // [email protected] Investor Relations Samuel HENRY DIESBACH Investor Relations Director [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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