BRANICKS Group AG (ISIN: DE000A1X3XX4) has secured crucial approval from holders of its EUR 400 million green bond (ISIN: XS2388910270 – WKN A3MP5C) for resolutions aimed at stabilizing its financial position. During a vote without a meeting conducted from August 15 to August 17, 2026, noteholders representing significantly more than 50% of the outstanding principal approved all proposed measures, each with the required qualified majority of at least 75% of votes cast, as per Section 18 of the German Bond Act.
The approved resolutions include the appointment of MR Treuhand GmbH, Munich, as the joint representative for all noteholders. This representative is authorized to declare a waiver of certain termination rights and to forbear from demanding repayment of the bond, which was originally due on September 22, 2026, until the completion of a planned comprehensive restructuring. Additionally, noteholders agreed to amend the bond terms to extend the maturity to December 31, 2026, with an option to further extend to March 31, 2027.
These decisions mark a pivotal step for BRANICKS Group AG, which is navigating financial challenges. The extension of the bond's maturity, combined with a planned short-term bridge financing of EUR 35 million, provides the necessary time and financial flexibility to implement a comprehensive restructuring of the company's financial liabilities. This restructuring aligns with lock-up agreements signed on July 30, 2026, and effective July 31, 2026, with a group of bond and promissory note creditors.
The approved measures are subject to potential legal challenges within a one-month period. If unchallenged, the amendments to the bond terms will take effect through a supplement or amendment to the global certificate deposited with the relevant clearing system.
Looking ahead, BRANICKS Group AG will conduct a second vote without a meeting to address the comprehensive restructuring of the bond. The company has committed to keeping the capital markets informed of further developments in accordance with legal requirements.
For more details, the full text of the resolutions will be published in the Federal Gazette. The company's investor relations contact is available for further inquiries.
