Areva delays earnings as it secures bridge loan

French nuclear firm Areva has put back the publication of its annual results by a day as it finalises the documentation relating to a bridge loan it has just secured to help keep it afloat.

“As Areva has just found an agreement with six lending banks for a bridge loan of €1.1bn in order to ensure the company’s liquidity for the 2016 fiscal year, the board has decided to delay for 24 hours the year-end closing in order to finalise the technical documentation associated with this financing,” the company said.

The AMF stock market regulator requested that shares in the company were suspended before trading on the Paris exchange began on Thursday.

In late January, Areva said it was likely to report a net loss for 2015 on the back of provisions, partly for the restructuring announced in May 2015.