on ESTAVIS AG (isin : DE000A0KFKB3)
ACCENTRO Real Estate AG Withdraws Invitation to Vote on Interest Deferral
Berlin, 3 August 2024 – ACCENTRO Real Estate AG has decided to withdraw its invitation to bondholders of the 2020/2026 bond to vote on the deferral of the interest payment due on 13 August 2024. This decision comes amid ongoing negotiations with bondholders of both the 2020/2026 bond and the 2021/2029 bond.
The discussions involve a significant group of bondholders, referred to as the Ad Hoc Group, and are aimed at finding a comprehensive restructuring solution. Advisors to both the Ad Hoc Group and the bondholder of the 2021/2029 bond have indicated alignment on a potential interim funding solution for the respective interest payments. This solution is still subject to further diligence, negotiation, and documentation.
ACCENTRO remains committed to constructive dialogue with its bondholders as it navigates this financial restructuring.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all ESTAVIS AG news