Scholz Holding GmbH
Scholz Holding GmbH: Term Sheet for the financial Restructuring of the EUR 182,5m bond 2012-2017 will become legally effective on 21 July 2016
Scholz Holding GmbH / Key word(s): Bond 20.07.2016 19:19 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc Release Scholz Holding GmbH London, 20 July 2016 Term Sheet for the financial Restructuring of the EUR 182,5m bond 2012-2017 will become legally effective on 21 July 2016 Following the occurrence of a condition precedent, the Term Sheet signed by Scholz Holding GmbH and the Curator on 29/ 30 June 2016 for the financial restructuring of the EUR 182,5m bond 2012-2017 will become legally effective on 21 July 2016. According to the Term Sheet, the Bond will be discharged against a payment of EUR 16,001,600 for the benefit of the bondholders until 14 October 2016 upon fulfilment of certain closing conditions. In addition, the Term Sheet provides that, after such discharge, the bondholders will have the right to receive a further EUR 5,801,675 one time payment in the event that certain EBITDA threshold will be reached in 2016 or 2017. Contact details: Frank Elsner Kommunikation für Unternehmen GmbH Frank Elsner Tel.: +49 89 9924 9630 E-Mail: office@elsner-kommunikation.de 20.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Scholz Holding GmbH Office Number: 610, 68 King William Street EC4N 7DZ London United Kingdom Phone: 0044 20 7959 2291 Fax: 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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