Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Berlin, 22 May 2024 - ACCENTRO Real Estate AG (the "Company") announces that an agreement has also been reached with the bondholder of the 2021/2029 bond (ISIN DE000A3H3D51 / WKN A3H3D5, " 2021/2029 bond") on a "no action letter".
Essentially, the no action letter signed for the 2021/2029 bond is also intended to preclude a termination of the bond due to a breach of the limitation on net financial indebtedness and the agreed reporting obligations set out in the bond terms and conditions as well as corresponding enforcement. In addition, the no action letter essentially contains the following main provisions: The provision of certain third-party validations as a prerequisite for validity, the Company's obligation to meet certain milestones, including certain obligations to prepare a restructuring solution to be negotiated with the respective bondholders in the upcoming months, and a provisional term until 14 July 2024. The bondholder of the 2021/2029 bond concludes the no action letter insofar on the premise that a pari passutreatment of the 2020/2026 bond (ISIN DE000A254YS5 / WKN A254YS, "2020/2026 bond") and the 2021/2029 bond will be implemented in further negotiations on 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.
Notifying person:
Thomas Eisenlohr, Head of Investor Relations Phone: +49 (0)30 887181272 eisenlohr@accentro.de
Berlin, 22 May 2024
The Management Board ACCENTRO Real Estate AG Kantstraße 44/45 D-10625 Berlin
ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5
Stock exchange: Frankfurt Stock Exchange, regulated market (Prime Standard) / Luxembourg Stock Exchange
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Accentro Real Estate AG published this content on 22 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2024 16:15:45 UTC.