Singulus Technologies AG’s €12 Million Bond Restructuring

Singulus Technologies AG's €12 Million Bond Restructuring

CMS advised Singulus Technologies on the deal.

The creditors of the corporate bond issued by SINGULUS TECHNOLOGIES AG have approved an amendment to the bond’s terms proposed by the issuer. The decision was taken on 6 May 2021 in the course of a second creditors’ meeting. The adopted resolutions have now been executed and the bond restructuring has thus been successfully completed.

The listed corporate bond has a total nominal value of EUR 12 million. The amendment of the bond terms includes extending the maturity by five years and reducing the interest rate payable on the bond.

SINGULUS TECHNOLOGIES AG is based in Kahl am Main. It is an international engineering company focusing on vacuum coating, surface treatment, wet-chemical processes and thermal processing technology.

The CMS team included Daniel Kamke, Lead Partner, Düsseldorf; Dr Maximilian Hacker, Partner, Düsseldorf; Dr Fabian Schumann, Senior Associate, Düsseldorf; David Hudde, Associate, Düsseldorf; Carsten Lamberth, Associate, Düsseldorf; Dr Dominic Weber, Associate, Düsseldorf, all Restructuring; Philippe Heinzke, Counsel, Düsseldorf, Data Protection.

Involved fees earner: Maximilian Hacker – CMS Hasche Sigle; Philippe Heinzke – CMS Hasche Sigle; David Hudde – CMS Hasche Sigle; Daniel Kamke – CMS Hasche Sigle; Carsten Lamb – CMS Hasche Sigle; Fabian Schumann – CMS Hasche Sigle; Dominic Weber – CMS Hasche Sigle;

Law Firms: CMS Hasche Sigle;

Clients: Singulus Technologies AG;

Federica Tiefenthaler

Author: Federica Tiefenthaler