BRANICKS Group AG Secures Bondholder Approval for Restructuring Measures

BRANICKS Group AG announced that the holders of its EUR 400 million corporate bond (Green Bond) 2.250% 2021/2026 have approved all proposed resolutions in a vote without a meeting, each by the required qualified majority of at least 75% of votes cast. The vote, conducted from August 15 to August 17, 2026, saw participation from noteholders representing significantly more than 50% of the outstanding principal, meeting the required quorum. This approval marks a critical step in the company's efforts to restructure its financial liabilities.

The approved resolutions include the appointment of MR Treuhand GmbH, Munich, as the joint representative for all noteholders. This representative is authorized to declare waivers of certain termination rights and to forbear from demanding repayment of the bond due on September 22, 2026, until the completion of a planned comprehensive restructuring, which will be decided in a further vote. Additionally, the bond terms have been amended to extend the maturity to December 31, 2026, with an option to extend to March 31, 2027.

The extension of maturity, combined with a planned short-term bridge financing of EUR 35 million, provides the company with necessary time and financial flexibility to implement the restructuring agreed upon in lock-up agreements signed on July 30, 2026, and effective as of July 31, 2026, with a group of bond and promissory note creditors. This agreement is pivotal for BRANICKS Group as it navigates its financial challenges.

The next step involves a second vote without a meeting, which will address the comprehensive restructuring of the bond. The full text of the adopted resolutions will be published in the Federal Gazette. Subject to potential challenges, the amendments will take effect after the one-month period for challenging the resolutions expires, through a supplement or amendment to the global certificate deposited with the relevant clearing system.

This development underscores the company's proactive approach to managing its debt obligations and maintaining communication with bondholders. By securing approval for these measures, BRANICKS Group aims to stabilize its financial position and work towards a sustainable restructuring plan. The company will continue to inform the capital markets of further developments in accordance with legal requirements.