DEMIRE Deutsche Mittelstand Real Estate AG Invites Bondholders to Backstop

DEMIRE Deutsche Mittelstand Real Estate AG has announced an invitation for eligible holders of its unsecured corporate bond, due on October 15, 2024, to participate in a backstop arrangement. This initiative is part of the company's financial restructuring plan, as previously communicated on June 5 and July 1, 2024.

Eligible bondholders, defined primarily under specific regulations within and outside the United States and the United Kingdom, are invited to contact the company within the next 14 days to receive further instructions. The backstop letter, initially signed on June 4, 2024, outlines a cash tender offer pertaining to the bonds.

This move aims to stabilize DEMIRE’s financial position and provide clarity on the settlement of the bonds approaching their maturity date. Investors and interested parties are encouraged to act swiftly to comply with the stipulated deadlines.