BayWa AG Approves Restructuring Plan, Extending Financing Until 2028 and Securing EUR 201.6 Million Capital Increase

BayWa AG Approves Restructuring Plan, Extending Financing Until 2028 and Securing EUR 201.6 Million Capital Increase

BayWa AG Approves Restructuring Plan, Extending Financing Until 2028 and Securing EUR 201.6 Million Capital Increase (IN BRIEF) BayWa AG has secured approval for its restructuring plan under the German StaRUG framework. The plan includes extending financing until 2028 and a capital increase of up to EUR 201.6 million. Despite not meeting the quorum for shareholders, the approval of 93.29% of financial creditors is sufficient under StaRUG provisi…

Nuremberg - shareholders and creditors of Baywa have voted on the restructuring plan. Baywa announced in a report that "the restructuring plan has the approval of the required majority." Now the court has to decide.

The group received the required majority in a hearing and now expects "short-term confirmation by the competent local court. The creditors voted for an extension of the financing until 2028. Baywa, the agricultural and commercial group, which also includes the renewable energy company Baywa re, can expect that the repositioning initiated in January within the framework of a stabilisation and restructuring framework for companies (Stalug) can be …

On a court date, a majority has agreed to the recovery plan. All BayWa creditors have to wait longer.