SIGNA Development Finance S.C.S. / Key word(s): Insolvency/Miscellaneous
SIGNA Development Finance S.C.S.: Application for the opening of insolvency proceedings of group companies of the SIGNA Development group predominantly likely
08-Dec-2023 / 20:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014
Application for the opening of insolvency proceedings of group companies of the SIGNA Development group predominantly likely
Luxembourg, 8 December 2023 – SIGNA Development Finance S.C.S. (LEI: 529900NTZEI0I2X02V31) announces as issuer (the “Issuer”) of the EUR 300,000,000 5.50% senior notes due 2026 (ISIN DE000A3KS5R1 and ISIN DE000A3KS5S9) (the “Notes”) that, based on the current liquidity situation of SIGNA Development Selection AG (“SIGNA Development”), parent guarantor under the Notes, and its group companies, it seems predominantly likely that the Issuer, SIGNA Development and further companies of the SIGNA Development group will apply for the opening of insolvency proceedings in the very near term.
Such applications for the opening of insolvency proceedings constitutes an event of default under the terms and conditions of the Notes.
Contact:
Manuel Pirolt, CFO SIGNA Development Selection AG
+43 1 532 9848 2238
m.pirolt@signa.at
08-Dec-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
