ARICOLIN INVESTMENTS S.A. EQS-Adhoc: Aricolin Investments S.A. : Extension of Term

Directive transparence : information réglementée

18/10/2023 14:30

EQS-Ad-hoc: Aricolin Investments S.A. / Key word(s): Bond/Contract
Aricolin Investments S.A. : Extension of Term

18-Oct-2023 / 14:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Aricolin Investments S.A., Madrid, registered in the commercial register of Madrid under number A88243480 as the issuer of the fractional bonds 2019, ISIN: DE000A2R28T1 / WKN A2R28T, announces that delays in the project development with the investments from the funds of the bonds continue to have an impact. The background to the delays are, among other things, the consequences of the Corona pandemic and the market distortions in response to the Ukraine war. If the bonds were redeemed at maturity on 30 November 2023, the redemption amount would be significantly reduced due to the payments not yet received from the project, which are not expected until 2024. Referring to this background, the issuer proposes to the bondholders a further extension of the bonds until 31 March 2025. In this way, investment returns expected for 2024 could have a positive increasing effect in relation to the redemption amount of the bonds. The issuer will approach the bondholders with further information in the short term.

End of Inside Information

18-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Aricolin Investments S.A.
Paseo de la Castellana 259D
28046 Madrid
ISIN: DE000A2R28T1
Listed: Regulated Unofficial Market in Munich
EQS News ID: 1751967

End of Announcement EQS News Service

1751967  18-Oct-2023 CET/CEST


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