BRANICKS Group AG (ISIN: DE000A1X3XX4) announced that the holders of its EUR 400,000,000 corporate bond (Green Bond) 2.250% 2021/2026 (ISIN: XS2388910270 – WKN A3MP5C) have approved all resolutions proposed by the Company, each by the required qualified majority of at least 75% of the votes cast. The vote was conducted without a meeting pursuant to Section 18 of the German Bond Act from August 15 to August 17, 2026. Noteholders representing significantly more than 50% of the total outstanding principal amount participated, ensuring the quorum was met.
The approved resolutions include the appointment of MR Treuhand GmbH, Munich, as the joint representative of all noteholders. This representative is authorized to declare, on behalf of all noteholders, a waiver of certain termination rights and a forbearance from demanding repayment of the bond due on September 22, 2026, until the completion of the planned comprehensive restructuring. Additionally, the noteholders approved an amendment to the bond terms extending the maturity to December 31, 2026, with an option to extend further to March 31, 2027.
The full text of the resolutions will be published in the Federal Gazette. Subject to any potential challenges, the amendments will take effect after the one-month challenge period, through a supplement or amendment to the global certificate deposited with the relevant clearing system.
This extension, combined with planned short-term bridge financing of EUR 35 million, provides the necessary time and financial flexibility to implement the comprehensive restructuring of the Company's financial liabilities, as agreed in lock-up agreements signed on July 30, 2026, with a group of bond and promissory note creditors. The next step will be a second vote without a meeting to address the comprehensive restructuring of the bond, with further updates to be provided in accordance with legal requirements.
