In a pivotal move for BRANICKS Group AG (ISIN: DE000A1X3XX4), the holders of its EUR 400,000,000 corporate bond (Green Bond) 2.250% 2021/2026 (ISIN: XS2388910270 – WKN A3MP5C) have overwhelmingly approved all resolutions proposed by the Company during a vote without a meeting conducted from August 15 to August 17, 2026. The resolutions, which required a qualified majority of at least 75% of votes cast, were backed by noteholders representing significantly more than 50% of the total outstanding principal amount, ensuring the quorum was met.
Key among the approved measures is the appointment of MR Treuhand GmbH, Munich, as the joint representative for all noteholders. This representative has been authorized to declare, on behalf of all noteholders, a waiver of certain termination rights and a forbearance from demanding repayment of the bond, which was originally due on September 22, 2026. This forbearance will remain in effect until the completion of the planned comprehensive restructuring, which will be subject to a further vote by noteholders. Additionally, the noteholders approved an amendment to the bond terms that extends the maturity to December 31, 2026, with an option to extend further to March 31, 2027.
The full text of the resolutions will be published in the Federal Gazette. Subject to any potential challenges, the amendments will take effect through a supplement or amendment to the global certificate deposited with the relevant clearing system after the expiration of the one-month challenge period.
This approval marks a critical step in BRANICKS Group's efforts to restructure its financial liabilities. The extended maturity, combined with a planned short-term bridge financing of EUR 35 million, provides the necessary time and financial flexibility to implement the comprehensive restructuring agreed upon in lock-up agreements signed on July 30, 2026, with a group of bond and promissory note creditors. The next phase involves a second vote without a meeting to address the full restructuring of the bond.
The Company will continue to inform the capital markets of further developments in accordance with legal requirements.
