Scholz Holding GmbH
Scholz Holding GmbH: Scholz Holding GmbH agrees with the bond curator on the deferral of the interest payment due and payable on 8 March 2016
Scholz Holding GmbH / Key word(s): Bond 18.02.2016 13:05 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release Scholz Holding GmbH London, 18. February 2016 Scholz Holding GmbH agrees with the bond curator on the deferral of the interest payment due and payable on 8 March 2016 - The agreement remains subject to the consent of the competent court - The deferral is in the interest of all creditors and critical to provide stability required to achieve an out-of-court consensual restructuring of the capital and debt structure of Scholz Holding GmbH Scholz Holding GmbH has agreed with Dr. Ulla Reisch, the court-appointed Curator for the holders of the Euro 182.5 million 8,5% Austrian law governed bond 2012-2017 (ISIN AT0000A0U9J2 / WKN A1MLSS), on the deferral of the interest payment due and payable on 8 March 2016 until 31 May 2016. Now the Curator will apply for the approval of this measure by the Commercial Court of Vienna. From the perspective of the managing directors of Scholz Holding GmbH, a deferral of the interest payment will provide the critical stability required to allow Scholz Holding GmbH to continue the negotiations on an out-of-court consensual restructuring of its capital and debt structure with all its financial creditors as well as continue its investor process. Both processes remain constructive. Contact details: Frank Elsner Kommunikation für Unternehmen GmbH Frank Elsner Tel.: +49 89 99 24 96 30 E-Mail: office@elsner-kommunikation.de 18.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Scholz Holding GmbH Berndt-Ulrich-Scholz-Straße 1 73457 Essingen Germany Phone: +49 7365 84-0 Fax: +49 7365 1481 E-mail: infoscholz@scholz-group.com Internet: www.scholz-group.com ISIN: AT0000A0U9J2 WKN: A1MLSS Listed: Open Market in Frankfurt ; Wien (Geregelter Freiverkehr / Second Regulated Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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