EQS-Adhoc: ACCENTRO informs about ongoing negotiations and intended amendment of terms and conditions of the bonds

ACCENTRO informs about ongoing negotiations and intended amendment of terms and conditions of the bonds

Berlin, 5 November 2024 – ACCENTRO is now negotiating the details of a potential restructuring of its equity and debt capital structure around a financing solution led by bondholders of the 2020/2026 bond. The negotiations are still based on the key assumptions announced in the ad hoc disclosure dated 12 August 2024, although the published volumes will be adjusted in the course of ongoing negotiations. The further details and timetable for the implementation of the currently proposed restructuring solution depend, among other things, on further negotiations with and the approval of other stakeholders, including the current majority shareholder and Shinhan AIM Structured Investment Trust No. 5 as pledgee of the majority shares.

Since the implementation of the proposed restructuring solution is unlikely to be effected prior to the repayment obligation in the amount of EUR 65m under the 2020/2026 bond which becomes due on 31 December 2024 and to avoid prejudicing the ongoing negotiations, ACCENTRO has decided to propose another amendment of the terms and conditions comprising an amendment to the aforementioned redemption as well as to the February 2025 interest payment date, deferring both until 30 June 2025. For the same reasons, ACCENTRO will request (i) the bondholders of the 2021/2029 bond to consent to a deferral of the March 2025 interest payment date and (ii) the holders of the bridge note to consent to deferral of the December 2024 maturity date, both to 30 June 2025.

Corresponding announcements regarding the invitation to a vote without a meeting in accordance with the German Bond Act ("Schuldverschreibungsgesetz") will be made available to the bondholders of the 2020/2026 bond in due course.

Notifying person:

Thomas Eisenlohr, Head of Investor Relations
Phone: +49 (0)30 887181272
eisenlohr@accentro.de

Berlin, 5 November 2024

The Management Board
ACCENTRO Real Estate AG
Kantstrasse 44/45
D-10625 Berlin

ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5

Stock exchanges: Frankfurt Stock Exchange, regulated market (Prime Standard) / Luxembourg Stock Exchange