on ESTAVIS AG (isin : DE000A0KFKB3)
ACCENTRO Proposes Bond Amendments Amid Restructuring Talks
On 5 November 2024, ACCENTRO Real Estate AG announced ongoing negotiations for restructuring its financial structure. The focus is on a financing solution led by bondholders of the 2020/2026 bond. Initial plans, as shared in August 2024, will see volume adjustments. Implementation depends on further stakeholder discussions, including the current majority shareholder and Shinhan AIM Structured Investment Trust No. 5.
The restructuring is unlikely to be completed before the EUR 65 million repayment due on 31 December 2024. To safeguard negotiations, ACCENTRO proposes amendments to bonds, deferring key payment dates to 30 June 2025. Announcements about bondholder votes under the German Bond Act will follow.
R. E.
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