VIB Vermögen AG Restructures Financial Liabilities and Secures €60 Million Financing

VIB Vermögen AG has signed agreements concerning the restructuring of financial liabilities for its parent company, BRANICKS Group AG. This includes a €60 million bridge financing commitment for VIB Vermögen AG. The agreements involve a group of noteholders and holders of promissory note loans, representing an outstanding amount of EUR 400 million and EUR 179.5 million, respectively.

The restructuring aims to amend the terms of financial liabilities, including a comprehensive security package. This financial adjustment will introduce a double LuxCo structure and pledges over shares and subsidiaries. In addition, a business plan has been agreed upon to reduce loan-to-value ratios through property transactions.

The restructuring also includes corporate governance changes, with plans to reorganize VIB's supervisory board. The conditions for the agreements are to be satisfied by the deadline of July 31, 2026.