Klea Holding Launches First Credit-Linked Note Among French Small Caps

Klea Holding (FR0013481835 – ALKLH), a French company focused on the acquisition, development, and digitalization of businesses across sectors, has introduced its first Credit-Linked Note (CLN). This marks a pioneering move among French small caps to tap into this financing method.

With an existing cash position of €2.5 million as of July 31, 2024, Klea Holding plans to use this new funding to refinance its existing debt and support its growth in the Middle East and France. The two-year Note features a 12% annual coupon and allows a one-year extension option at the issuer's discretion.

Investor subscriptions have been initiated with the Note maturing on July 31, 2026. The financial instrument is EUR-denominated and pays a semi-annual coupon of 12%. CEO Clement Pacaud emphasized the company's ability to secure diverse funding and maintain positive growth.