Operation Chicama: success for our inaugural €50 million RCF

At Elements, each strategic step is named after a legendary surf spot. It's our culture, our way of marking each success:

• Nazaré our latest capital increase.
• Uluwatu, Belharra, Lafitenia, Santocha & Riley our crowdfunding sessions.
• Taapuna: our bond financing collateralized with infrastructure funds.
• Cloud Break for our farmdown operations.
• Itaauna our structured financing batches for asset projects.

We have just completed Operation Chicama: inaugural RCF financing of €50 million (€38 million confirmed + €12 million unconfirmed) finalized to propel our shipyards in France and Italy.

To structure this complex financing, we assembled a team of experts:

• Crédit Agricole du Languedoc (Arranger, Agent, and Lender) alongside Crédit Agricole du Centre Ouest and Crédit Agricole de Champagne-Bourgogne. Thank you to Nicolas Roube, Priscille Campos, Ludovic Ferreira Lopes, and Fanny Le Goff.
• Arkéa Banque Entreprises & Institutionnels: Thank you to Alexandre Pierre-Joseph and Séverin Petitgas.
• LCL (ESG Agent and Coordinator): Strategic support on our sustainability indicators with Thomas Soulhiardand Rebecca Moulin.
• Bpifrance: Always at the heart of our growth with Juliette Morel and Jean-Denys Waeles.
• CIC Sud Ouest & Crédit Coopératif: Thank you to Alexis Loustalan, Truong Marie-Hélène, Florian Seletti, and Teddy Cabaret for their constant support.
• BCLP: Legal advice from David Blondel and Charles Sechao.

Success depends above all on the commitment of the Elements team: Yannick Plaza, Emilie Alleno, Virginie Grelier Salinas, and Pierre Celhabe, led by our partners Pierre-Alexandre Cichostepski, Gregoire Petit, and Loïc Chazalet.