ACCENTRO Reaches Agreement on Restructuring with Key Stakeholders

Berlin, 29 March 2025 – ACCENTRO Real Estate AG has announced a preliminary agreement on a comprehensive restructuring plan with bondholders, a minority shareholder, and its management board. The agreement covers two main bond issues valued at EUR 225 million and EUR 100 million. Key commitments are outlined in a yet-to-be-signed letter, with plans for a lock-up agreement anticipated. The restructuring will adhere to the StaRUG framework, contingent on several conditions including a court-approved restructuring plan and Supervisory Board approval.

The restructuring aims to adjust the firm's capital structure through share consolidation and a capital increase, with ADLER Real Estate and bondholders expected to acquire significant new equity stakes. Bond amendments will see principal amounts bifurcated into senior secured and unsecured subordinate categories, with notable interest adjustments. New Super Senior Bonds will provide additional liquidity, tasked with refinancing and supporting operational costs.