ESPG AG Creditors Approve Restructuring Plan

ESPG AG has achieved a significant milestone as all creditor groups have approved its restructuring plan. The plan, developed under StaRUG proceedings, aims to stabilize the company's financial position. Court confirmation is anticipated within the next week, which will make the plan legally binding by year-end. Bondholders have also agreed to the plan, improving their conditions compared to the initial proposal.

The restructuring includes a 15% equity participation for ESPG BondCo S.à r.l., allowing bondholders to benefit from ESPG's economic development. This innovative approach replaces all bond liabilities with equity, potentially boosting their value significantly.

New liquidity of EUR 11.6 million will support investments in the Science Park portfolio, with initial funding already released. ESPG plans to deploy EUR 13.6 million over three years, reducing vacancies and financing costs, positioning the company for sustained profitable growth despite market challenges.