ESPG AG evaluations choices for refinancing the company bond 2018/2023 and mandates Quirin Privatbank AG

The European Science Park Group (ESPG), an actual property firm specializing in science parks, has mandated Quirin Privatbank AG, amongst others, to advise the corporate on the refinancing of the bond maturing in September 2023.

On this regard, ESPG will maintain talks with its bondholders about attainable choices for refinancing. This will contain, most probably, a voluntary trade provide, restricted bond buy-backs, or adjustments to the phrases and circumstances of the bond in accordance with the German Act on Problems with Debt Securities.

“Now we have achieved rather a lot previously twelve months: After the entry of the brand new main investor Alvarium Tiedeman (AlTi), we’ve got acquired Campteq Innovation Campus close to Darmstadt, a beautiful life science property, we’ve got signed new rental agreements for an space of round 8,450 m2, diminished our debt leverage ratio by repaying liabilities, and are planning additional repayments within the quick time period. As well as, we’ve got sharpened ESPG’s profile as a number one science park investor and gained new workers. Because of the present market scenario with rising rates of interest and the difficult capital markets, we’re searching for early contacts with our bond buyers to be able to refinance the bond with a beautiful provide in the very best method.”

Dr. Ralf Nöcker, Member of the Board of Administration of ESPG AG