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 [...]
Further change in the Management Board – CFO of the company leaves the Management Board at his own request
Luxembourg, 10 May 2023 – The CFO of Corestate Capital Holding S.A. ("Corestate"), Mr. Udo Giegerich, will resign from the Management Board at his own request and by mutual agreement [...]
Management Board downsized to two members – CFO Udo Giegerich leaves the company at his own request – bridge financing provided as planned
Luxembourg, 10 May 2023 – The Management Board of Corestate Capital Holding S.A. ("Corestate") will consist of two members in the future. CFO Udo Giegerich will leave the Management [...]
Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction – corporate governance adjusted
Dr. Nedim Cen moves from the Supervisory Board to the Management Board as CEO Increase of bridge financing to € 35m provides further financial flexibility Broad support from [...]
Corestate decides to implement an alternative restructuring concept and changes in Management Board and Supervisory Board
Luxembourg, 4 May 2023 – The Management Board of Corestate Capital Holding S.A. („Corestate“) has today agreed with a group of large bondholders, the so-called Ad Hoc Committee ("AHC"), [...]
Noteholders’ meetings vote for extension of bond maturities
Bond investors unanimously decide to roll over the notes until the end of July 2023 Extension enables the development of an alternative restructuring concept [...]
Corestate adjusts business strategy and pursues alternative restructuring concept
Corestate Capital Holding S.A. ("Corestate") will consider an alternative restructuring concept ("Alternative Concept") in view of the planned restructuring of the debt instruments. The implementation of this Alternative Concept [...]
Changes in the Management and Supervisory Board of the HANNOVER LEASING Group
Martin Eberhardt will move from the Supervisory Board to the Management Board of HANNOVER LEASING Investment GmbH, a company of the CORESTATE Capital Group (Corestate), effective 1 February 2023. As [...]
Appointment of auditor for the financial year 2022 delayed – audited financial statements unlikely to be available by 30 April 2023
In view of the complex bond restructuring procedures, the process to appoint an auditor for the consolidated and separate financial statements of Corestate Capital Holding S.A. ("Corestate") for the past [...]
Conditions precedent from the resolutions of the creditors’ meetings have occurred
Conditions precedent from the resolutions of the creditors' meetings on the restructuring of the Corestate bonds have occurred. Corestate Capital Holding S.A. (the "Issuer") hereby [...]
General Meeting resolves to create the authorized capital required for the restructuring
The Extraordinary General Meeting of Corestate Capital Holding S.A. ("Corestate") today resolved to increase the authorized capital with an approval of 99.7 percent and thus the required majority to amend [...]
Corestate appoints Stephan Goetschel as CRO to the Group Management Board
The Supervisory Board of Corestate Capital Holding S.A. has appointed Stephan Goetschel as Chief Restructuring Officer (CRO) to the Group Management Board. The Supervisory Board of [...]
