Paragon AG Proposes Further Extension on 2017/2027 Bond

paragon GmbH & Co. KGaA has announced its intention to seek approval from bondholders to extend the maturity of its 6.75% bearer bond, originally set to mature on July 5, 2027, to July 5, 2031. This decision affects bonds valued at around EUR 45.2 million. The company aims to adjust certain terms, including an interest moratorium for 2026, with deferred interest payable at maturity, and removing the PIK interest component. To strengthen bondholder security, paragon plans to offer guarantees from its two major subsidiaries.

The proposal will be made available from November 12, 2025, through the Federal Gazette and paragon’s website. Bondholders are asked to vote without a meeting, per the German Bond Act. The initiative reflects paragon's strategic steps to manage financial commitments while ensuring operational stability for its automotive solutions.