PAUL Tech AG Offers One-Year Extension on EUR 35 Million Bond

PAUL Tech AG, based in Mannheim, announced that creditors of its EUR 35 million bond, which was set to mature in 2025, will be offered a one-year extension. Initially, the company had considered refinancing through the issuance of a Nordic bond, but this option has been shelved for now. Instead, bondholders will be invited to a meeting to discuss amending the bond terms.

The decision aligns with PAUL Tech AG's plans to enhance operating profitability with its PAUL Net Zero product rollout. A capital increase is also underway, expected to boost the firm's creditworthiness significantly. These initiatives aim to establish a stable foundation for the long-term refinancing of the bond.