PAUL Tech AG Invites Holders to Vote on Bond Amendments

PAUL Tech AG, based in Mannheim, Germany, has announced a vote without meeting for amendments concerning their EUR 35 million notes with an interest rate of 7% per annum, initially set to mature on December 1, 2025. The company proposes to extend the maturity date by one year to December 1, 2026, and increase the interest rate to 9% for this extended term. This strategic move follows the company's decision not to pursue previously planned refinancing through a new Nordic Bond format.

The proposed amendments result from PAUL Tech AG's forecasted operational profitability improvement over the next year, credited to the PAUL Net Zero product's rollout and a capital increase. The amendments will also extend the period for redeeming notes at 101% of their nominal value up until November 30, 2026. The company expects these measures to enhance its creditworthiness, facilitating long-term refinancing.

Holders are invited to participate in the vote from November 3-5, 2025. Registration is required by October 30, 2025. All holders, regardless of voting participation, will be bound by the amendment results if approved.