Brief: DEMIRE Confirms Negotiations With Bondholders About Restructuring Of 2019/2024 Bond

Demire Deutsche Mittelstand Real Estate AG

26/03/2024 22:56

March 26 (Reuters) - Demire  DMRE.DE :
    * EQS-ADHOC: DEMIRE CONFIRMS NEGOTIATIONS WITH A GROUP OF
BONDHOLDERS REGARDING THE RESTRUCTURING OF THE 2019/2024 BOND
    * : BONDHOLDERS OF AD HOC GROUP TOGETHER CURRENTLY HOLD WELL
OVER
50% OF OUTSTANDING NOMINAL AMOUNT OF BOND
    * : BOND IS ALSO TO BE ADDITIONALLY SECURED IN FAVOUR OF
BONDHOLDERS
    * UNDERTAKE TO MAKE MANDATORY PREPAYMENTS OF BOND FROM
COMPANY'S
PLANNED NET SALES PROCEEDS
    * TO WAIVE DIVIDEND PAYMENTS OR OTHER DISTRIBUTIONS TO ITS
SHAREHOLDERS DURING EXTENDED TERM OF BOND
    * ONE MEMBER OF AD HOC GROUP INTENDS TO DISPOSE A POSITION
IN
AMOUNT OF C. 20% OF OUTSTANDING NOMINAL AMOUNT OF BOND
    * COMPANY IS CONSIDERING SUBMITTING A BID TO ACQUIRE
CORRESPONDING
POSITION
    * :  ENTERED INTO NEGOTIATIONS WITH A GROUP OF BONDHOLDERS
OF ITS
UNSECURED CORPORATE BOND WITH A MATURITY DATE OF 15 OCTOBER 2024

Source text for Eikon:  ID:nEQ8Jzmn3a 
Further company coverage:  DMRE.DE 

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