Booster Precision Components Holding GmbH announces advanced negotiations regarding the conclusion of a standstill agreement as well as the postponement of its next interest payment due on 28 May 2026

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BOOSTER Precision Components Holding GmbH announces advanced negotiations regarding the conclusion of a standstill agreement as well as the postponement of its next interest payment due on 28 May 2026

Schwanewede, 27 May 2026 – BOOSTER Precision Components Holding GmbH ("Company") announces that it is in advanced discussions with a certain group of holders of its senior secured corporate bond with maturity date on 28 November 2026 (ISIN: NO0012713520) ("Bond"), representing, according to their own statements, an aggregated nominal exceeding 60 per cent. of the outstanding nominal amount of the Bonds ("Ad hoc Group") regarding the further financial support of the Company by the Ad hoc Group. This may include potential amendments to the terms and conditions of the Bond ("Bond Terms") and additional financing.

To explore and discuss the future capital structure of the Company, the Ad hoc Group and the Company are currently negotiating a formal regarding a standstill agreement (“Standstill”) whereas, inter alia, the Ad Hoc Group is expected to agree (i) not to exercise their right to accelerate the Bonds and/or enforce any security interests (and shall vote against any such actions if initiated by other holders of Bonds) by reason of the failure of the Company to make the upcoming interest payment date of the Bonds (28 May 2026) ("Interest Payment"), and (ii) to support a written procedure to be initiated by the Company in order to defer the Interest Payment by amending the Bond Terms.

Against this background, the Company has today decided to temporarily postpone the Interest Payment to preserve liquidity.

The Company will inform the capital market and the public about the ongoing negotiations with the Ad hoc Group and the further developments in accordance with statutory provisions.

Important information

This release is an ad hoc notification pursuant to Article 17 of Regulation (EU) No 596/2014 on market abuse.

It is neither a financial analysis nor advice or recommendation relating to financial instruments, nor does it contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States of America ("United States") or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.

Certain statements in this ad hoc notification are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this ad hoc notification.

 

For further information, please contact: 

iron AG
Mr Fabian Kirchmann | Ms Karolin Bistrovic
+49 221 914097 14
booster-precision@ir-on.com