DGAP-Adhoc
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DF Deutsche Forfait AG: Way to implementation of the restructuring concept finally cleared
659 
0 KommentareDF Deutsche Forfait AG / Key word(s): Restructure of Company
05.03.2015 18:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc announcement pursuant to § 15 WpHG
DF Deutsche Forfait AG: Way to implementation of the restructuring concept
finally cleared
- Agreement on collateralisation concept reached with joint
representative and banks
Cologne, 3 March 2015 - The Board of Management of DF Deutsche Forfait AG
(Prime Standard ISIN: DE0005488795) has come to an agreement on the
collateralisation of DF Deutsche Forfait AG's lenders with the lender banks
and the joint representative of the bondholders, One Square Advisory
Services GmbH. This agreement fulfils a major condition precedent in the
resolution approved by the second bondholders' meeting of 19 February,
meaning that the way has finally been cleared for the implementation of the
planned restructuring measures, in particular the amendment of the bond
terms and conditions.
The agreement represents a compromise between the requirements of the
lenders banks, the joint representative of the bondholders and the company.
In return the joint representative of the bondholders waives any further
demands. The cornerstone of this agreement is the pari passu
collateralisation of the claims of the banks and the holders of the 2013/20
bond (ISIN: DE000A1R1CC4) on a pro-rata basis reflecting their respective
capital contributions. Any increase in the banks' risk over and beyond
their current exposure as well as the EUR 15 million debt capital envisaged
to be raised with further lenders under the IDW S6 restructuring concept
will be secured on a senior basis. Certain types of business have been
exempted from the collateralisation concept in order not to constrain the
company's operating capabilities.
The joint representative will endorse the resolutions of the bondholders'
meeting of 19 February 2015 on condition that this concept is implemented.
DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de
05.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE0005488795, DE000A1R1CC4,
WKN: 548879, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of Announcement DGAP News-Service
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DF Deutsche Forfait AG: Way to implementation of the restructuring concept
finally cleared
- Agreement on collateralisation concept reached with joint
representative and banks
Cologne, 3 March 2015 - The Board of Management of DF Deutsche Forfait AG
(Prime Standard ISIN: DE0005488795) has come to an agreement on the
collateralisation of DF Deutsche Forfait AG's lenders with the lender banks
and the joint representative of the bondholders, One Square Advisory
Services GmbH. This agreement fulfils a major condition precedent in the
resolution approved by the second bondholders' meeting of 19 February,
meaning that the way has finally been cleared for the implementation of the
planned restructuring measures, in particular the amendment of the bond
terms and conditions.
The agreement represents a compromise between the requirements of the
lenders banks, the joint representative of the bondholders and the company.
In return the joint representative of the bondholders waives any further
demands. The cornerstone of this agreement is the pari passu
collateralisation of the claims of the banks and the holders of the 2013/20
bond (ISIN: DE000A1R1CC4) on a pro-rata basis reflecting their respective
capital contributions. Any increase in the banks' risk over and beyond
their current exposure as well as the EUR 15 million debt capital envisaged
to be raised with further lenders under the IDW S6 restructuring concept
will be secured on a senior basis. Certain types of business have been
exempted from the collateralisation concept in order not to constrain the
company's operating capabilities.
The joint representative will endorse the resolutions of the bondholders'
meeting of 19 February 2015 on condition that this concept is implemented.
DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de
05.03.2015 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: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE0005488795, DE000A1R1CC4,
WKN: 548879, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of Announcement DGAP News-Service
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