Paragon ID finalise avec succès un refinancement de 110 millions d’euros afin de simplifier sa structure financière et soutenir sa croissance future
The RCF has been supported by a banking consortium comprising Barclays, Citi and HSBC with the support of Deloitte and DLA Piper, who acted as advisers to Paragon ID throughout the process.
The transaction materially strengthens the Group's balance sheet by extending the maturity profile of our debt structure and creates funding capacity to support Paragon ID's long-term strategic objectives.
- Driving innovation and technology leadership: Continuing to invest in the development of new products, technologies and solutions, in particular within eID and RFID activities, that address evolving customer needs across the Group's core markets. The enhanced financial flexibility will support research and development activities, accelerate innovation programmes and facilitate the successful commercialisation of new offerings.
- Supporting organic growth: Investing in the capabilities, infrastructure and resources required to support the continued expansion of the Group's activities, while strengthening its position in existing and emerging markets.
- Pursuing targeted acquisition opportunities: Maintaining the flexibility to evaluate and execute selective acquisitions that enhance the Group's technology capabilities, broaden its market presence or accelerate access to new customers, sectors and geographies.
The successful completion of this refinancing represents an important milestone for Paragon ID. It strengthens our financial position and provides a solid platform to support the delivery of our long-term strategy.
We are pleased to have secured the support of a high-quality banking group whose expertise and international capabilities align well with our ambitions. The new facility provides the flexibility required to continue investing in our technical capabilities, supporting our customers and pursuing growth opportunities across our markets.
This refinancing significantly enhances the Group's capital structure and provides a strong funding platform for the years ahead.
The successful refinancing marks an important milestone for Paragon ID and provides a strong financial platform for the next stage of the Group's development. We would like to thank Barclays, Citi and HSBC for their support and our advisors Deloitte and DLA Piper for their commitment and professionalism throughout the process.
We were delighted to support Paragon ID in this important refinancing where the RCF terms achieved, and calibre of supportive banking partners secured, are testament to the strength of the business and demonstrable future opportunity that the Company’s long-term strategy will now pursue.
With a strengthened capital structure, enhanced financial flexibility and the support of a leading international banking consortium, Paragon ID is well positioned to execute its strategic priorities, invest in innovation and pursue sustainable long-term growth.
About Paragon ID
Paragon ID is a global leader in identification solutions for the e-ID, mass transit, traceability and payment markets. Drawing on its expertise in RFID, NFC, BLE, IoT and secure printing technologies, Paragon ID helps organisations create connected ecosystems that improve efficiency and the user experience across various sectors such as public transport, logistics, retail, healthcare, industry, aviation and finance.
Paragon ID employs more than 900 people and operates manufacturing facilities in Europe, the United States, and Australia. The company delivers its solutions with a truly global reach.
