\nFirst financing milestone of its Dual Flow strategic plan<\/b><\/p>
PAU, France--(BUSINESS WIRE)--Regulatory News:<\/p>
\nArverne (FR001400JWR8 - ARVEN),<\/b> the leading French supplier of geothermal solutions<\/b>, announces the successful completion of its \u20ac70 million issuance of ORANEs.<\/p>
\nFully subscribed by GEOGREEN, Bpifrance, ADEME Investissement, Cr\u00e9dit Mutuel Equity and Eiffel Investment Group, this transaction represents a major milestone in the Group\u2019s financing strategy. It reflects investors\u2019 confidence in Arverne\u2019s growth trajectory, its differentiated positioning as an integrated geothermal and geothermal lithium player, and its ability to deploy low-carbon energy infrastructure at scale.<\/p>
\nThe proceeds will enable Arverne to accelerate the execution of its Dual Flow strategic plan by supporting the ramp-up of its industrial capabilities, the commercial expansion of its activities, and the deployment of infrastructure across the entire value chain. To support this strong growth momentum, the Group is also pursuing the review of additional financing options, including a capital increase.<\/p>
\nKey Features of the Transaction<\/b><\/p>
\nThe issuance amounts to a total of \u20ac70 million of ORANEs1<\/sup>. The ORANEs will bear interest from the subscription date at an annual rate of 7%, fully capitalized. Repayment of the ORANEs may be made either in cash, in newly issued shares of the Company, or through the delivery of existing shares of Lithium de France and 2gr\u00e9 held by the Company.<\/p> \nPierre Brossollet, Founder and Chief Executive Officer of Arverne<\/b><\/p> \n\u201cThe success of this issuance confirms the strength of our growth trajectory and our ability to scale up. Backed by a portfolio of nearly 100 deep geothermal projects and the significant progress achieved by Lithium de France, we are accelerating our industrial and commercial development to build the French leader in geothermal solutions, creating sustainable value through strategic assets and long-term contracts.\u201d<\/i><\/p> \nArverne Group Shareholding Structure<\/b><\/p> \nAs part of this financing transaction, Bpifrance Participations also acquired A2, A3 and A4 preferred shares from Crescend\u2019Green and Schuman Invest. As a result, Arverne\u2019s shareholding structure is now as follows:<\/p>