LR Health & Beauty SE Seeks Restructuring Approval and Bridge Financing

On March 6, 2026, LR Health & Beauty SE announced the initiation of a written procedure related to its outstanding bond loan. The company's aim is to secure temporary waivers and a Super Senior Bridge Financing. This measure ties into a broader strategy to restructure its 2024/2028 bonds and improve its capital framework.

The company agreed with majority bondholders on a comprehensive restructuring plan. The bondholders, representing over two-thirds of the nominal amount, will provide bridge financing totaling EUR 10,000,000. This financing ranks as super senior in relation to existing bonds and will be refinanced upon restructuring completion.

The bondholders have agreed to a standstill, extending the period where they won't exercise rights from breaches until June 2026. The company has started formal procedures to integrate these amendments and waivers.