===
EQS-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Bond
DEMIRE reaches commercial agreement with a further group of bondholders regarding the restructuring of the 2019/2024
bond
02-Jul-2024 / 00:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
DEMIRE reaches commercial agreement with a further group of bondholders regarding the restructuring of the 2019/2024
bond
Langen, 1 July 2024. Today, a further significant group of holders ("Further Bondholders") of the unsecured corporate
bond (ISIN: DE000A2YPAK1) issued by DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) ("Company") with a
maturity date of October 15, 2024 and a currently outstanding principal amount of EUR 499 million ("Bond") have agreed
to support the financial restructuring as outlined in the Company's ad hoc announcement dated June 5, 2024 ("
Transaction") and as agreed between the Company and a certain group of bondholders ("Ad hoc Group") in a lock-up
agreement ("Lock-up Agreement"), subject to the following limited amendments: (i) payment of an additional 2% fee by
the Company to bondholders in the event that the Company does not manage to reduce the principal amount outstanding
under the Bond by EUR 50,000,000.00 in 2026 with such reduction required to be made at par value; (ii) an increase of
the PIK interest in 2027 from 1% to 3% if the Bond has not been repaid in full by the end of 2026 (such amendments,
the "Proposed Amendments"). On that basis, the Further Bondholders have furthermore agreed to participate in the
backstop of the tender offer as outlined in the ad hoc publication of the Company on 5 June 2024.
The Company will now approach the Ad hoc Group to request an amendment to the Lock-up Agreement and their consent to
implement the Transaction with the Proposed Amendments. The Company is optimistic that the Ad hoc Group will consent to
the Proposed Amendments, since they further improve the terms of the reinstated bond. Upon amendment of the Lock-up
Agreement, the Company intends to convene a vote without a meeting in accordance with the German Bond Act (SchVG)
shortly to implement the Transaction with the Proposed Amendment with the support of both, the Further Bondholders and
the Ad hoc Group, which together hold, directly or indirectly, bonds representing more than 90% of the total
outstanding nominal amount of the bond.
Contact:
Julius Stinauer MRICS
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: stinauer@demire.ag
End of Inside Information
02-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      DEMIRE Deutsche Mittelstand Real Estate AG 

Robert-Bosch-Straße 11
63225 Langen (Hessen)
Germany

Phone:        +49 6103 37249-0 
Fax:          +49 6103 37249-11 
E-mail:       ir@demire.ag 
Internet:     www.demire.ag 
ISIN:         DE000A0XFSF0 
WKN:          A0XFSF 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1937359

End of Announcement EQS News Service
===
1937359 02-Jul-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1937359&application_name=news&site_id=dow_jones%7e%7e%7e43f1f857-252a-44a4-bbde-f4a32f6a5492

END) Dow Jones Newswires

July 01, 2024 18:19 ET (22:19 GMT)