EQS-News: Corestate Capital Holding S.A.: Noteholders' meetings approve bond restructuring with large majority – important milestone for debt reduction reached

Corestate: Noteholders' meetings approve bond restructuring with large majority – important milestone for debt reduction reached

• Bond volume reduced from € 488.3m to € 105.5m
• Balance sheet recapitalization completed by August
• Change to General Standard on the Frankfurt Stock Exchange applied for

Luxemburg, 21 June 2023 – Today's noteholders' meetings for the € 200m Convertible Notes 2022 and the € 300m Notes 2023 (together the "Notes") issued by Corestate Capital Holding S.A. ("Corestate") resolved by a large majority (i) to amend the terms and conditions of the Notes, (ii) to reduce the outstanding aggregate principal amount of the Notes from a total of € 488.3m to a total of approximately € 105.5m, including capitalization of accrued interest, and (iv) to appoint Dentons GmbH, Wirtschaftspruefungsgesellschaft, Steuerpruefungsgesellschaft, as joint lead manager of the Notes.

The execution of the resolutions is subject to the conditions precedent that, among others, (i) the restructuring of the share capital of the Company to be resolved by the General Meeting of Corestate in July 2023 is executed, (ii) senior secured notes in the amount of € 37m with a term until the end of 2026 are issued by the Company and (iii) all relevant transaction documents are duly executed. The resolutions passed today represent an important milestone for the debt reduction of the Company. Correspondingly, the balance sheet restructuring and recapitalization of the Group is expected to be completed by August 2023.

In addition, Corestate, whose shares are listed in the regulated Prime Standard segment of the Frankfurt Stock Exchange under ISIN LU1296758029, intends to switch to the General Standard segment of the regulated market and has today filed a corresponding application with the Frankfurt Stock Exchange. The tradability of the Company's shares on the regulated market of the Frankfurt Stock Exchange will be ensured also after the segment change.

Press and Investor Relations Contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
[email protected]

About Corestate Capital Holding S.A. (Corestate)
Corestate is an investment manager and co-investor with € 17.2 billion in assets under management in the core business (31 Dec 2022). The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanization, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At Corestate, all concepts are supported with ESG expertise that is unique to the industry. With more than 400 experts, Corestate offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. Corestate is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in Luxembourg, Frankfurt, Munich, Zurich, Paris and Madrid. Please visit www.corestate-capital.com for further information.

Forward-looking statement
This press release may contain certain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial position, development or performance of the Company and the estimates given here. These factors include those described in published reports. These reports are available on our website www.corestate-capital.com. The Company assumes no obligation whatsoever to update these forward-looking statements or to conform them to future events or developments. No inappropriate significance should be attached to forward-looking statements, which apply only to the date of this communication.