Disclosure of Inside Information Pursuant to Article 17 of Regulation (EU) No. 596/2014
Berlin, January 16, 2025 – ACCENTRO and a group of bondholders who collectively hold approximately 68% of the outstanding principal amount of EUR 225 million of the 2020/2026 bond and 100% of the outstanding principal amount of EUR 100 million of the 2021/2029 bond (collectively, the “Ad Hoc Group”; the 2020/2026 and 2021/2029 Bonds collectively, the “Outstanding Bonds”) have agreed to extend the current bridge notes until June 30, 2025, as well as to provide additional bridge financing (collectively, “Bridge Financing”) in a total amount of up to approximately EUR 21 million, if necessary, to cover ACCENTRO’s liquidity needs through June 30, 2025, and to enable the continuation of ongoing negotiations regarding a comprehensive restructuring solution led by the Ad Hoc Group between the Ad Hoc Group and various stakeholders. The Ad Hoc Group is entitled, but not obligated, to terminate the bridge financing if no agreement acceptable to ACCENTRO and the Ad Hoc Group is reached with the relevant stakeholders by February 3, 2025.
The ongoing negotiations between the Ad Hoc Group and various stakeholders are based on the basic assumptions announced in the Ad Hoc announcement dated August 12, August 2024, although the Management Board anticipates that the announced order of magnitude of the targeted sustainable reinvestment volume for rebuilding the privatization portfolio, as well as the expected additional liquidity-generating reduction of other receivables and equity investments, may be adjusted.
ACCENTRO understands that the legal and economic structure of the comprehensive restructuring solution is still the subject of ongoing negotiations, with a comprehensive restructuring of both ACCENTRO’s debt and equity sides being part of the negotiations, as previously announced in the ad hoc announcement dated August 12, 2024.
Person Responsible for the Announcement:
Thomas Eisenlohr, Head of Investor Relations
Tel.: +49 (0)30 887181272
eisenlohr@accentro.de
The Executive Board
ACCENTRO Real Estate AG
Kantstraße 44/45 D-10625 Berlin
ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5
Stock Exchanges: Frankfurt Stock Exchange, Regulated Market (Prime Standard) / Luxembourg Stock Exchange
Investor Relations Contact:
Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
Email: eisenlohr@accentro.de
Phone: +49 (0)30 88 71 81 272