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Scholz Holding GmbH: Scholz Holding GmbH has opened discussions with the bond curator to secure a deferral of the upcoming interest payment

DGAP-News: Scholz Holding GmbH / Key word(s): Bond
Scholz Holding GmbH: Scholz Holding GmbH has opened discussions with the
bond curator to secure a deferral of the upcoming interest payment

12.02.2016 / 15:42
The issuer is solely responsible for the content of this announcement.

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Press Release Scholz Holding GmbH

London, 12. February 2016

Scholz Holding GmbH has opened discussions with the bond curator to secure
a deferral of the upcoming interest payment

- An interest deferral would provide a stable platform for the
continuation of the financial restructuring and the investor process

- Discussions with financial creditors and potential investors continue
to be constructive

Scholz Holding GmbH has opened discussions with Dr Ulla Reisch, the bond
curator appointed by the Commercial Court in Vienna, to secure a deferral
of the interest payment on the Euro 182.5 million 8.50% Austrian law
governed bond 2012-2017 (ISIN AT0000A0U9J2 / WKN A1MLSS) that is due on 8
March 2016.

The deferral of the interest payment, which amounts to around Euro 15.5m,
would create a stable platform for the continuing financial creditor
negotiations as well as the ongoing investor process.

Scholz Holding GmbH is in constructive negotiations with its financial
creditors on a comprehensive restructuring of its financial liabilities on
a fully consensual basis and has been greatly encouraged by the continuing
positive discussions with it main financial lenders.

The investor process for Scholz Holding GmbH also continues apace with
several potential investors remaining willing in principle to provide new
equity to the business to fund future growth, on the basis a financial
restructuring of the current capital and debt structure proves successful.

Furthermore, agreement has been reached with all shareholders of Scholz
Holding GmbH which will permit a restructuring transaction to be
implemented on a timely basis once a new capital structure has been agreed
with financial creditors and prospective investors.

Contact details:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: [phone]
E-Mail: [e-mail]


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12.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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: Scholz Holding GmbH
Berndt-Ulrich-Scholz-Straße 1
73457 Essingen
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.scholz-group.com
ISIN: AT0000A0U9J2
WKN: A1MLSS
Listed: Open Market in Frankfurt ; Wien (Geregelter Freiverkehr /
Second Regulated Market)


End of News DGAP News Service
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436973 12.02.2016