BayWa AG Extends Standstill Agreements and Increases Bridge Financing

BayWa AG's Board of Management anticipates obtaining necessary signatures from key lending banks to extend existing standstill agreements until December 31, 2024. Concurrently, the current bridge loan will be increased by around €500 million and will also be extended until the same date.

This extension secures BayWa AG's financing through the end of 2024 and lays the groundwork for a long-term financing solution until the end of 2027. Negotiations on the key points of this long-term restructuring are ongoing between BayWa AG, lending banks, and other stakeholders.

Contact details for further information include Dr. Frank Herkenhoff, Head of Corporate Communications, and Josko Radeljic, Head of Investor Relations at BayWa AG.