BRANICKS Group AG announced that the holders of its EUR 400 million green bond have approved all resolutions proposed by the company, each by the required qualified majority of at least 75% of the votes cast. The vote, conducted without a meeting pursuant to Section 18 of the German Bond Act, took place from August 15 to August 17, 2026, and saw participation from noteholders representing significantly more than 50% of the total outstanding principal amount, thus meeting the quorum requirement.
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 that extends the bond's maturity to December 31, 2026, with an option to further extend to March 31, 2027.
The full text of the resolutions will be published in the Federal Gazette. Subject to any potential challenges, the amendments to the bond terms will take effect after the one-month period for challenging the resolutions expires, through a corresponding supplement or amendment to the global certificate deposited with the relevant clearing system.
This approved extension, combined with planned short-term bridge financing of EUR 35 million, provides the necessary time and financial flexibility for BRANICKS Group AG to implement the comprehensive restructuring of its financial liabilities. This restructuring was 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.
As a next step, the company will hold a second vote without a meeting to address the comprehensive restructuring of the bond. The company will continue to inform the capital markets of further developments in accordance with legal requirements.
