June 2020

Bankhaus Scheich advises and supports SRV Group`s amendments of its outstanding bond issues 2016/2021 and 2018/2022

Bankhaus Scheich has advised and supported the successfull amendments to the terms&conditions of the outstanding Senior unsecured callable fixed rate Notes 2016/2021 (EUR 100,000,000) and 2018/2022 (EUR 75,000,000) of the Finish Real Estate specialist SRV Group plc, Helsinki. In response to the modest business development and financial results as well as possible unpredictable market disruptions due to the coronavirus pandemic, the company proposed to its bondholders the extension of the tenure of the Senior Notes and other amendments to the terms&conditions. The proposed modifications are a continuation of the company’s previously announced recovery programme and were approved with the support of Bankhaus Scheich by the international investors with a large majority. SRV has thus improved its repayment profile of its loan structure and gained more flexibilty for its operational development.