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Cardea Europe pushes out bond maturity date to 2028, raises rate
Chicago, Dec. 8 – Cardea Europe AG is pushing out the maturity date on its bonds that were due in 2023 (ISIN: DE000A3H2ZP5) following bondholder approval through a vote without a meeting for an extraordinary resolution, according to multiple notices.
The term will be extended to Dec. 8, 2028.
Further, bondholders approved an increase in the interest rate, to 9¼% from 7¼%.
Following the vote, a minority of bondholders filed an action for annulment against the resolutions in the Frankfurt regional court.
The resolutions, therefore, have not been implemented.
The company is taking legal action to enable the resolutions to be enabled.
The global asset management firm is based in Frankfurt.
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