McPhy Energy announces a future issue of OCEANEs to finance its development

McPhy Energy, a company engaged in the low-carbon hydrogen sector, plans to issue convertible bonds for an amount of 30 million euros. This operation, subject to approval at the General Meeting of May 30, 2024, will mainly benefit EDF Pulse Holding and EPIC Bpifrance, the latter acting on behalf of the French State.

The issuance of OCEANEs could be extended to other investors, depending on market conditions. These bonds, with a maturity of five years, aim to support the company's working capital needs as well as the development of its commercial activities, its production tools and its R&D efforts.

Details of the bond conversion arrangements and the potential impacts for shareholders are available on the McPhy website. These operations are part of the legal framework of the French Tech Sovereignty Convention and aim to strengthen the company's positioning in the production and distribution of hydrogen.