COMMUNIQUÉ DE PRESSE

par DESIAG Deutsche Supermarkt Immobilien AG (isin : DE000A3H2ZP5)

EQS-Adhoc: Cardea Europe AG: Bondholders resolve restructuring of the bond 2020/2023

EQS-Ad-hoc: Cardea Europe AG / Key word(s): Bond
Cardea Europe AG: Bondholders resolve restructuring of the bond 2020/2023

20-Oct-2023 / 18:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Cardea Europe AG: Bondholders resolve restructuring of the bond 2020/2023

Frankfurt, 20 September 2023: The bondholders of Cardea Europe AG's (the "Issuer") bond 2020/2023 (ISIN: DE000A3H2ZP5 | WKN: A3H2ZP) have resolved to restructure the bond in a vote held without a meeting from 16 October 2023 0.00 a.m. to 20 October 2023 24.00 midnight.

In particular, the term of the bond was extended by five years, the interest rate was increased from 7.25 % p.a. to 9.25 % p.a. and covenants were adjusted.

In detail, the following resolutions were passed at the creditors' meeting:

1. § Section 3 (1) of the Terms and Conditions of the Bonds shall be reworded as follows:

"The Notes shall be issued in respect of their specified denomination bears interest from 8 December 2020 (inclusive) with an interest rate of 7.25% per annum ("Initial Interest Rate"). The first interest payment will be made on 8 December 2021."

2. In § 3 of the terms and conditions of the bonds, the following paragraph la shall be inserted:

"From the year commencing 8 December 2022 (exclusive) to the Maturity Date (exclusive), the Notes shall bear interest at a rate of 9.25% per annum. Interest from 8 December 2022 (exclusive) will not accrue until the Maturity Date."

3. Otherwise, § 3 of the bond conditions remains unchanged.

4. § 5 para. 1 of the Terms and Conditions of the Bonds shall be reworded as follows:

"To the extent not previously repaid in whole or in part, or purchased and cancelled, the bonds will be redeemed for their Specified Denomination on 8 December 2028 (the "Maturity Date") repaid."

5. § 5 para. 3 of the Terms and Conditions shall be deleted without replacement".
 

The Issuer has approved the resolved amendments to the Terms and Conditions of the Bonds.

 



End of Inside Information

20-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:Cardea Europe AG
Theodor-Heuss-Allee 112
60486 Frankfurt am Main
Germany
E-mail:investor-relations@cardealuna.co.uk
Internet:www.cardea-eu.com
ISIN:DE000A3H2ZP5
WKN:A3H2ZP
Listed:Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1754261

 
End of AnnouncementEQS News Service

1754261  20-Oct-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1754261&application_name=news&site_id=symex
Voir toutes les actualités de DESIAG Deutsche Supermarkt Immobilien AG