|
EQS-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Bond Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
DEMIRE confirms negotiations with a group of bondholders regarding the restructuring of the 2019/2024 bond Langen, 26 March 2024. Based on market rumors DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) ("Company") confirms that it has entered into negotiations with a group of bondholders ("Ad hoc Group") of its unsecured corporate bond (ISIN: DE000A2YPAK1) with a maturity date of 15 October 2024 and a nominal amount currently still outstanding of EUR 499 million ("Bond") on an agreement to extend and restructure the Bond on adjusted terms reasonable for the current market environment ("Lock-up Agreement"). The bondholders of the Ad hoc Group together currently hold well over 50% of the outstanding nominal amount of the Bond. The Lock-up Agreement would include, among other things, the approval of the bondholders of the Ad hoc Group in a vote without meeting, in which an extension of the term until 31 December 2027, an increase in the interest rate and various compensation payments for the bondholders are to be resolved. In addition, the Company is to undertake to make mandatory prepayments of the Bond from the Company's planned net sales proceeds and to waive dividend payments or other distributions to its shareholders during the extended term of the Bond. The Bond is also to be additionally secured in favour of the bondholders. Whether the Lock-up Agreement will be concluded and the exact terms of the Lock-up Agreement are currently still open, as the negotiations between the Company and the Ad hoc Group have not yet been finalised. One member of the Ad hoc Group intends to dispose a position in the amount of c. 20% of the outstanding nominal amount of the Bond. The Company is considering submitting a bid to acquire the corresponding position. The Company will inform the capital market and the public about the further progress in accordance with the legal requirements. Contact: DEMIRE Deutsche Mittelstand Real Estate AG Julius Stinauer Head of Investor Relations & Corporate Finance Telefon: +49 6103 372 4944 Email: stinauer@demire.ag End of Inside Information
26-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Robert-Bosch-Straße 11 | |
| 63225 Langen (Hessen) | |
| Germany | |
| Phone: | +49 6103 37249-0 |
| Fax: | +49 6103 37249-11 |
| E-mail: | ir@demire.ag |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1868045 |
| End of Announcement | EQS News Service |
|
|
1868045 26-March-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
