ESPG AG Implements Restructuring Plan to Engage Bondholders in Future Growth

ESPG AG has unveiled a comprehensive restructuring plan, submitted to the Cologne court, aimed at ensuring long-term financial stability. The plan involves securing EUR 11.6 million in new liquidity, primarily for investments in the science park portfolio. This initiative allows bondholders to partake in the company's future growth.

The restructuring entails a full share capital write-off, removing current shareholders without compensation. Existing shareholders will contribute over EUR 50 million, while creditors waive significant claims. Additionally, a special purpose entity will assume ESPG AG's bond liabilities, allowing bondholders indirect participation in the company's economic progress.

Conditional on court approval, ESPG AG has commitments for preferred equity capital of up to EUR 11.6 million, with EUR 2.5 million already disbursed for initial investments. The company plans to invest EUR 13.6 million over the next three years to enhance its portfolio and reduce the vacancy rate, targeting sustainable growth.