Mutares Seeks Bondholder Consent for Financial Covenant Non-Compliance

Munich-based Mutares SE & Co. KGaA has announced a proposal for bondholders regarding the non-compliance with a financial covenant as of December 31, 2025. The company seeks bondholders’ consent through a written procedure, alongside a waiver for the review of this covenant before June 30, 2026. The proposal is linked to bonds issued for 2023/2027 and 2024/2029.

To facilitate agreement, Mutares offers a compensation of 1.50% of the nominal bond amount, subject to approval. This decision bypasses the need for a formal shareholders’ meeting, aiming to streamline operational processes under current financial conditions.