EQS-News: Corestate Capital Holding SA / Keyword(s): Declaration/Corporate Restructuring
CORESTATE supports creditors’ proposal for bond restructuring – Extraordinary General Meeting postponed to December 20, 2022
22.11.2022 / 16:29 CET/EST
The issuer is solely responsible for the content of this announcement.
CORESTATE supports creditors’ proposal for bond restructuring – Extraordinary General Meeting postponed to December 20, 2022
Luxembourg, November 22, 2022 – The Management Board of CORESTATE Capital Holding SA (CORESTATE) today unanimously decided to support the restructuring proposal of the Ad-hoc Committee (AHC), a group of large bondholders. The main reason for the decision is to ensure the continuity of the business given the time remaining until the meeting of creditors on November 28, 2022 and in light of the talks between the group of investors and the AHC, which have so far been inconclusive. . Together with the representatives of the bondholders, AHC’s proposal must now be further developed in the short term, including necessary bridging financing, and brought into an executable and legally binding form on the basis of which the going concern of the group is assured.
In this context, today’s extraordinary general meeting has also been postponed by four weeks to December 20, 2022 in order to allow a broad shareholder vote with the help of a concrete and promising restructuring concept.
Press Contact and Investor Relations
Thomas Fritsch
Such. : +49 69 3535630-106 / M: +49 162 1036025
[email protected]
About Corestate Capital Holding SA (Corestate)
Corestate is an investment manager and co-investor with €17.3 billion in core assets under management. The company sees itself as a manager across the entire real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, including the possibility of investing in large-scale societal trends such as urbanization, demographic changes or sustainability – trends which will continue to have a decisive influence on the living and working environment in the long term. A constant focus on asset classes that will succeed over the long term is the cornerstone of the company’s strategy. At Corestate, all concepts are backed by ESG expertise that is unique in the industry. With more than 400 experts, Corestate offers its clients and investors a full range of services and advice from a single source, from project financing and property management to sales. Corestate is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high net worth private investors in 11 countries across Europe, with offices in Luxembourg, Frankfurt, Munich, Zurich , Paris and Madrid. Please visit www.corestate-capital.com for more information.
Forward-looking statement
This press release may contain certain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the Company and the estimates given here. These factors include those described in published reports. These reports are available on our website www.corestate-capital.com. The Company undertakes no obligation to update these forward-looking statements or to conform them to future events or developments. No inappropriate meaning should be attached to the forward-looking statements, which speak only as of the date of this communication.
22.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
EQS distribution services include regulatory announcements, financial/corporate news and press releases.
Archives on www.eqs-news.com
Comments are closed.