Dentons advises Branicks promissory note holders on the conclusion of a lock-up agreement regarding the restructuring of promissory note loans totaling €179.5 million

Berlin/Frankfurt-Global law firm Dentons has advised numerous national and international financial institutions in their capacity as promissory note holders of Branicks Group AG, in connection with the negotiation, execution, and closing of a lock-up agreement regarding the restructuring of promissory note loans totaling €179.5 million.

The claims of the promissory note holders, together with a €400 million bond issued by Branicks Group AG, will be included in the restructuring under a lock-up agreement coordinated in parallel with the promissory note lenders.

As the promissory note representative, Dentons will continue to advise the group of promissory note holders on the legal implementation of the restructuring based on the aforementioned lock-up agreements and will assist them as the restructuring is implemented.

Branicks is Germany's leading office and logistics real estate specialist and operates in the commercial portfolio and institutional business segments. It is listed in the Prime Standard of the German Stock Exchange. With nine locations in Germany, the company manages real estate with a market value of over €11.6 billion.

Advisors:

Dentons (Berlin): Andreas Ziegenhagen (lead, Partner), Dr. Detlef Spranger (Counsel), Konrad Böning (Senior Associate), Jacob Nicolaus (Associate, all Restructuring)

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