Hertha BSC GmbH & Co. KGaA initiated proceedings on Monday to extend maturity date of the €40 million bond issued in November 2018. Under the new proposed terms, the bond would be extended by 24 months until 8th November 2025. This would be accompanied by a 2% increase in the interest rate - from 6.5% p.a. to 8.5% p.a. - from the interest payment date of 8th August 2023, as well as a reorganisation of the structure of the liabilities permitted under the terms of the bond. In addition, the repayment amounts are to increase until final maturity, staggered by date. “This extension would enable us to stabilise and improve Hertha BSC's financial situation for the upcoming season. In addition, it would be an important and central building block in the DFL's licensing process. Therefore, quick approval and support would be of great importance to us,” explained managing director Thomas Herrich.
Voting process runs until 19 June
The notice for the procedure was published on 22nd May 2023. The voting period runs from 26th May to 19th June 2023. All information on participation, quorum, the deadline and the voting form is available on the Investor Relations section of the club’s website. The result of the procedure, supported by Pareto Securities AS, will be published on 19th June 2023.