on Paragon AG (ETR:PGN)
Paragon AG Adjusts Bond Terms Amid Challenges
Paragon GmbH & Co. KGaA has successfully amended the economic terms of its 2017/2027 bond. A vote held on December 23, 2025, saw bondholders approve adjustments despite disputes. The bond term extends to July 5, 2031, with a 2026 interest payment pause and a final 15% bonus. A EUR 2m buyback will begin in mid-2026. Additional guarantees from subsidiaries are included.
CEO Klaus Dieter Frers expressed gratitude to bondholders for their support. However, tensions arose when a board member of the SdK attacked him, highlighting disputes over appointing a joint representative. The court will now decide the representative's status. The participation fee distribution closes in January 2026.
R. E.
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