BRANICKS Group AG (ISIN: DE000A1X3XX4) has received overwhelming support from bondholders for its proposed restructuring measures, as announced in a press release on August 18, 2026. The holders of its EUR 400,000,000 Green Bond 2.250% 2021/2026 (ISIN: XS2388910270 – WKN A3MP5C) approved all resolutions with a qualified majority of at least 75% of votes cast during a vote without a meeting held from August 15 to August 17, 2026, pursuant to Section 18 of the German Bond Act. Participation exceeded 50% of the outstanding principal, ensuring a valid quorum.
The resolutions include the appointment of MR Treuhand GmbH, Munich, as the joint representative for all noteholders. This representative is authorized to declare a waiver of certain termination rights and to forbear from demanding repayment of the bond, which was originally due on September 22, 2026, until the completion of a planned comprehensive restructuring. This restructuring will be subject to a further vote by noteholders. Additionally, the bond's maturity has been extended to December 31, 2026, with an option to extend it further to March 31, 2027.
These approvals are critical for BRANICKS Group as they provide the necessary time and financial flexibility to implement a comprehensive restructuring of its financial liabilities. This restructuring is part of a broader plan agreed upon in lock-up agreements signed on July 30, 2026, and effective as of July 31, 2026, with a group of bond and promissory note creditors. The extended maturity, combined with a planned short-term bridge financing of EUR 35 million, is expected to support the company's efforts to stabilize its financial position.
The next step in the process is a second vote without a meeting, which will address the comprehensive restructuring of the bond itself. The full text of the adopted resolutions will be published in the Federal Gazette. Subject to potential legal challenges, the amendments to the bond terms will take effect after the expiration of the one-month period for challenging the resolutions, through a supplement or amendment to the global certificate deposited with the relevant clearing system.
BRANICKS Group AG will continue to inform the capital markets about further developments regarding the restructuring in accordance with legal requirements. For more information, stakeholders can refer to the original press release on NewMediaWire.
