LR Health & Beauty SE Embarks on Comprehensive Restructuring

LR Health & Beauty SE has initiated a written procedure to reorganize its capital structure concerning its 2024/2028 bondholders. This move follows the company's strategic agreement with bondholders holding over two-thirds of the bond's nominal amount. The restructuring plan includes several key steps: modifying bond terms, a nominal write-down of EUR 70 million, and the issuance of new unsecured junior bonds worth EUR 27.5 million.

The company offers bondholders opportunities to subscribe for new bonds and shares in a newly formed holding company. These decisions align with LR Health & Beauty SE's long-term growth strategies. Trading of existing bonds will be suspended to facilitate the restructuring. This initiative highlights its commitment to stabilizing and strengthening its financial foundation.