EQS-Adhoc: Deutsche Konsum REIT-AG: Deutsche Konsum REIT concludes bridge financing agreement. Changes in the Supervisory Board.

Publication of inside information in accordance with Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse (market abuse regulation)

Deutsche Konsum REIT concludes bridge financing agreement  
Changes in the Supervisory Board

Potsdam, Germany, 13 March 2024 – Deutsche Konsum REIT-AG (the "Company") (ISIN: DE000A14KRD3 | WKN: A14KRD | ticker symbol: DKG) has today, with the approval of the Supervisory Board, concluded an agreement on a 5.5% interest p.a. collateralized bridge financing. Together with certain creditors’ commitments, the Company has thus established the necessary conditions for the preparation of an already commissioned restructuring concept by 30 May 2025. The disbursement of the bridge financing is subject to certain customary conditions precedent. Based on the restructuring concept, arrangements shall be made with the relevant creditors, particularly for the repayment of financial liabilities maturing this year.

Simultaneously, it is intended that the independent real estate expert and attorney-at-law Daniel Löhken, who is to be elected by the annual general meeting on 1 April 2025, will seek to become chairman of the Company’s supervisory board following his election to the supervisory board. In this context, Rolf Elgeti and Antje Lubitz have announced that they will not be available for re-election as members of the supervisory board.

 

 

Contact:

Deutsche Konsum REIT-AG
The Management Board
Marlene-Dietrich-Allee 12b
14482 Potsdam
Germany
Phone: +49 (0) 331 74 00 76 - 517
E-mail: kt@deutsche-konsum.de

 

Contact:
Deutsche Konsum REIT-AG
Mr. Kyrill Turchaninov
CFO
Marlene-Dietrich-Allee 12b
14482 Potsdam
Tel. 0331 / 74 00 76 - 517
Fax: 0331 / 74 00 76 - 599
E-Mail: kt@deutsche-konsum.de