DEMIRE Concludes Bond Extension and Resumes Trading

DEMIRE Deutsche Mittelstand Real Estate AG has successfully extended the maturity of its corporate bond until the end of 2027. This follows the approval by bondholders representing over 90% of the outstanding principal amount. These developments have been implemented under the German Bond Act, allowing trading to resume on the Luxembourg Stock Exchange as of November 8, 2024.

DEMIRE repurchased and cancelled bonds amounting to approximately EUR 195.4 million. As a result, the outstanding principal of the bond now stands at EUR 253,710,000 with an interest rate of 5%. The redemption on October 22, 2024, at par value, alongside the subsequent tender offer process, enabled the buyback. The utilized free liquidity and shareholder loan played a crucial role in these financial maneuvers.