DF Deutsche Forfait AG

Capital/Financing Update • Feb 20, 2015

News Details

Ad-hoc | 20 February 2015 13:15

DF Deutsche Forfait AG: Bondholders approve amendment of the bond terms and conditions

DF Deutsche Forfait AG / Key word(s): Restructure of Company/Bond

20.02.2015 13:15

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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DF Deutsche Forfait AG: Bondholders approve amendment of the bond terms and
conditions

• Reduced nominal interest rate approved by approx. 99.98% of the bond
  capital participating in the vote

• Way to implement the restructuring plan clear

• One Square Advisory Services GmbH elected joint representative of the
  bondholders

Cologne, 20 February 2015 - the Board of Management of DF Deutsche Forfait
AG (Prime Standard ISIN: DE0005488795) announces the result of today's
second bondholders' meeting of the 2013/20 corporate bond (ISIN:
DE000A1R1CC4).

Following thorough discussions, the company has withdrawn its resolution
proposals and approved the vote on the counter-motions in order to achieve
a unanimous solution in the interest of all parties. The counter-motion
submitted by Harvstburg Capital to elect One Square Advisory Services GmbH
joint representative of the bondholders was approved by 92.98% of the bond
capital of EUR 12.825 million participating in the vote. In addition,
99.98% of the capital participating in the vote approved the amendment of
the terms and conditions of the bond. The amendment primarily relates to
the reduction of the nominal interest rate of the 2013/20 bond from 7.875%
to 2.000% with retroactive effect from 27 May 2014 until 27 May 2018.
Between 27 May 2017 and 27 May 2018, the interest rate may again amount to
7.875%; this is dependent on the achievement of a certain consolidated
result. From 27 May 2018 to 27 May 2020, the nominal interest rate will be
raised to 7.875% again. The original proposal to grant option rights was
withdrawn. The counter-motion to authorize the joint representative to hold
further negotiations and sign agreements with the company was also approved
by the required majority, namely by 99.98% of the participating bond
capital.

The meeting in Cologne was attended by bondholders representing EUR 13.786
million of the bond. This is equivalent to 45.95% of the outstanding bond
capital, which means that the second bondholders' meeting had the required
quorum.

The resolutions will be published on the company's website at
www.dfag.de/investor-relations/anleihe shortly and in the Federal Gazette
presumably on 24 February 2015.

DF Deutsche Forfait AG

Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

20.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE0005488795, DE000A1R1CC4,
WKN: 548879, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of Announcement DGAP News-Service

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