VIB Vermoegen

The lock-up agreements that VIB Vermögen and parent company BRANICKS concluded with a group of bondholders as well as holders of registered bonds and Schuldschein loans became fully effective on 31 July 2026. All conditions for effectiveness have been met; the agreed refinancing and restructuring plan, including VIB’s business plan, is now being implemented. VIB will inform the capital markets about further developments in accordance with legal requirements. » Altro su finanzen.net

VIB Vermögen and parent company BRANICKS have signed lock-up agreements with bondholders as well as holders of promissory notes and registered debt instruments to extend and restructure BRANICKS' financial liabilities. A short-term bridge financing of EUR 60m for VIB has been committed, capitalized at EUR 61.9m through a backstop fee that will be converted at closing into long-term new money with a 10.0% annual cash interest rate and bullet maturity on 30.09.2029. The restructuring foresees a comprehensive collateral package (including a two-tier LuxCo structure and pledges of shares), additional fees (including a one-off 200 bps fee at the end of 2028 and a 100 bps exit fee), a business plan through 2030 to reduce leverage, and changes in corporate management. » Altro su de.investing.com

DIC Real Estate Investments (DIC REI) and VIB Vermögen have agreed, following expert review, to enter into a domination and profit transfer agreement. External shareholders of VIB are to be offered 4.18 BRANICKS shares per VIB share as compensation; in addition, a fixed annual balancing payment of EUR 0.92 gross (EUR 0.77 net) per VIB share is planned for the duration of the agreement. The adequacy still has to be confirmed by the court-appointed auditor, and effectiveness is subject to the approvals of the general meetings and registration in the commercial register; VIB’s general meeting is planned for 12 February 2026. » Altro su finanzen.net