SoWiTec Seeks Bondholders' Approval for Repayment Deferral

SoWiTec Group GmbH has called for a voting procedure outside of a formal meeting, involving holders of its 8% bond 2018/2026. The German renewable energy company seeks to defer the partial repayment of EUR 2,290,200 originally due on 8 November 2025 to 8 May 2026. The company cites liquidity challenges and has initiated comprehensive restructuring, notably retracting from international markets.

Despite these financial adjustments, the interest payment of approximately EUR 0.4 million due on 8 November 2025 will remain unaffected. The vote is set for 20-22 September 2025, requiring a quorum of 50% bondholder participation. The outcome is anticipated to help manage current cash flow constraints, with ongoing negotiations to sell part of its portfolio to aid liquidity.