Disclosure of Inside Information Pursuant to Article 17 of Regulation (EU) No. 596/2014
Berlin, November 5, 2024 – ACCENTRO is currently negotiating the details of a potential restructuring of its equity and debt capital structure as part of a financing solution led by the creditors of the 2020/2026 bond. The negotiations continue to be based on the basic assumptions published in the ad hoc announcement dated August 12, 2024, although the figures cited are subject to adjustment as the negotiations continue. Further details and the timeline for implementing the currently proposed restructuring solution depend, among other things, on further negotiations with and the approval of additional stakeholders, including the current majority shareholder and Shinhan AIM Structured Investment Trust No. 5 as the secured creditor holding the majority of the shares.
Since the implementation of the proposed restructuring solution is not expected to take place before the EUR 65 million repayment obligation due on December 31, 2024, under the 2020/2026 Bond, and in order not to prejudice the ongoing negotiations, ACCENTRO has decided to propose a further amendment to the bond terms, which includes an adjustment to the aforementioned repayment obligation and the interest payment date in February 2025 in the form of a deferral until June 30, 2025. For the same reasons, ACCENTRO will (i) request the consent of the holders of the 2021/2029 Bond to postpone the interest payment due in March 2025 and (ii) ask the holders of the bridge bond to consent to an extension of its maturity date in December 2024, also until June 30, 2025.
Corresponding notices regarding the invitation to vote without a meeting in accordance with the German Bond Act will be made available to the holders of the 2020/2026 bond in due course.
Person providing the information:
Thomas Eisenlohr, Head of Investor Relations
Tel.: +49 (0)30 887181272
eisenlohr@accentro.de
Berlin, November 5, 2024
The Executive Board of 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