Accentro Real Estate AG's Restructuring Plan Finalized

Accentro Real Estate AG has concluded the drafting of its restructuring plan. The finalization comes after agreement on commercial points with an Ad Hoc Group, as confirmed by a restructuring opinion aligned with IDW S6 standards. The plan includes a lock-up agreement and will be submitted to a Berlin court under the German Corporate Stabilization and Restructuring Act (StaRUG).

The restructuring involves issuing EUR 77 million in New Super Senior Bonds, with a 10% annual interest, maturing on December 31, 2027. Bondholders from 2020/2026 and 2020/2029 will have subscription rights for these new bonds and the opportunity to acquire additional shares through a capital increase.

The plan also proposes a cumulative mandatory redemption mechanism, and involves waiving certain repayment rights by bondholders if measures are implemented by December 31, 2025. Additionally, changes in the Supervisory Board are anticipated.