Green City Energy Kraftwerkspark II GmbH Co. KG pays interest on time
Munich, December 27, 2021 – The Company will instruct the payment of the interest due on December 30, 2021 on the bearer bonds Tranche A (ISIN DE000A161MQ1/WKN A161MQ) and Tranche B (ISIN DE000A161MR9/WKN A161MR) as well as the registered bonds of Tranches A and B in due time.
The Group company informed the capital market last week that it is in a financial crisis that threatens its continued existence and that any payments are not secured. “In a corresponding ad hoc announcement, we have just informed the capital market that our Kraftwerkspark II interest payments can be made punctually at the end of the year,” says Jens Mühlhaus, CEO of Green City AG.
However, as already communicated, the situation at the Group companies Green City Energy Kraftwerkspark II GmbH & Co. KG, Green City Energy Kraftwerkspark III GmbH & Co. KG and Green City Solarimpuls I GmbH & Co. KG, each of which has issued exchange-traded bonds, remains tense. The repayment of the bonds and future interest payments are still not secured.
In order to master the current challenges, the management is currently working with the help of external experts on the creation of comprehensive restructuring concepts. Their key points will be presented to the investors invested in the respective companies as soon as they are finally available.