Disclosure of Inside Information Pursuant to Article 17 of Regulation (EU) No. 596/2014
Berlin, May 22, 2024 – ACCENTRO Real EstateAG (the “Company”) announces that it has also reached an agreement with the bondholder of the 2021/2029 bond (ISIN DE000A3H3D51 / WKN A3H3D5, “2021/2029 Bond”) regarding a standstill agreement (a so-called “no action letter”).
Ess entially, the standstill agreement concluded with respect to the 2021/2029 Bond is also intended to preclude termination of the Bond due to a breach of the restrictions on net financial liabilities set forth in the Bond Terms and Conditions, as well as the agreed-upon reporting obligations and corresponding enforcement actions. In addition, the standstill agreement essentially contains the following provisions: The provision of certain third-party validations as a condition for effectiveness; the Company’s obligation to meet certain milestones, including specific commitments to prepare a restructuring solution to be negotiated with the respective bondholders in the coming months; and a provisional term until July 14, 2024. The bondholder of the 2021/2029 Bond enters into the standstill agreement on the premise that the 2020/2026 Bond (ISIN DE000A254YS5 / WKN A254YS, “2020/2026 Bond”) and the 2021/2029 Bond will be implemented in further negotiations regarding adjustments to the Company’s capital structure with the bondholder of the 2021/2029 Bond and the group of significant bondholders of the 2020/2026 Bond.
Person providing the information:
Thomas Eisenlohr, Head of Investor Relations
Tel.: +49 (0)30 887181272
eisenlohr@accentro.de
Berlin, May 22, 2024
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