Branicks Group AG Seeks Short-term Extension for Promissory Note Loans

Branicks Group AG, based in Frankfurt, is intensifying discussions with creditors regarding the extension of promissory note loans due in March and April 2026. The loans, totaling EUR 87 million, are undergoing talks for a short-term extension until the end of June 2026. The decision stems from ongoing refinancing and property sales processes taking longer than anticipated.

The management aims to secure the extension to manage the shortfall caused by the delays. Further communication with the capital market and the public will adhere to legal requirements. This step highlights the company's proactive approach in addressing financial obligations amid unforeseen delays in their ongoing processes.