Pierer Industrie AG successfully concludes restructuring proceedings in accordance with the Restructuring Ordinance (ReO)

On November 25, 2024, Pierer Industrie AG initiated European restructuring proceedings in accordance with the Restructuring Ordinance (ReO). The only affected creditors are those under

• a bond admitted to official trading on the Vienna Stock Exchange with a total nominal value of EUR 100 million (term: 2020-2028; ISIN AT0000A2JSQ5),

• a privately placed bond with a total nominal amount of EUR 15 million (term: 2021-2033) and

• two promissory note loans outstanding in the amount of EUR 132.5 million (terms: 2020-2025 and 2020-2026).

These creditors accepted the restructuring plan submitted by Pierer Industrie AG at today’s restructuring plan hearing. Consequently, the Regional Court of Wels has confirmed the restructuring plan. This concludes the restructuring proceedings.

The approved restructuring plan provides for the following key points:

• All of the above-mentioned bonds and promissory note loans will be repaid in full.

• Interest is also paid as agreed.

• The above-mentioned financing is repaid in two instalments:
  – 69% until December 31, 2026 at the latest and
  – 31% until December 31, 2027 at the latest.

Legal notice

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER INDUSTRIE AG. IT IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

For further information:
Investor Relations
Hans Lang & Melinda Busáné-Bellér
Email: info@piererindustrie.at