- Creditors of the 2024/2029 bond supported restructuring with over 99% majority.
- Negative pledge suspension allows collateral provision until 31 December 2026.
- Creditors representing €38.7 million participated, meeting the 25% quorum.
- Lawyer Markus W. Kienle elected as joint representative for bondholders.
Restructuring Support
On 9 March 2026, creditors of the 2024/2029 bond (ISIN DE000A3829F5) overwhelmingly supported ABO Energy's restructuring plan, with all resolutions passing by more than 99% majority.
Collateral Provision
Creditors agreed to suspend a negative pledge in the bond terms until 31 December 2026, allowing the company to provide collateral. This move enhances ABO Energy's ability to participate in tariff tenders, which require guarantees backed by collateral.
Waiver of Termination Rights
Bondholders waived termination rights related to the restructuring, including retroactive waivers for previously declared terminations. This decision mitigates the risk of individual bondholders disrupting the restructuring process.
Joint Representative Election
Lawyer Markus W. Kienle was elected as the joint representative for the bondholders. He is authorized to negotiate agreements for the restructuring plan and represent bondholder interests.
Meeting Participation
Creditors representing approximately €38.7 million, or 48% of the outstanding bonds, participated in the meeting, surpassing the required 25% quorum. The company recommended accepting counter-motions proposed by the investor protection association SdK.
