Planethic Group seeks debt relief in high-stakes bondholder talks
Planethic Group, formerly known as Veganz Group, is in talks with bondholders to adjust interest payments and secure a partial repayment of its debt. The company has called a bondholder assembly for March 18 to decide on the next steps, aiming to stabilise its financial position without disrupting daily operations.
Currently, the group's market value stands at €8.36 million, with shares trading at €3.68—down 4.66% from recent levels.
The negotiations centre on restructuring the terms of Planethic's publicly listed bond. Investors and the German Shareholders' Association (SdK) are working together to find a solution that eases payment obligations while preserving the company's liquidity.
Management has stressed that core operations remain unaffected by the restructuring. The March 18 assembly will not only address outstanding interest but also reassess the group's broader capital market financing strategy. A successful vote could provide the financial flexibility needed to meet long-term commitments without operational cutbacks.
Planethic's leadership has repeatedly confirmed that day-to-day business continues as usual. The focus remains on securing a deal that balances investor interests with the company's need for stability.
The outcome of the March 18 assembly will determine whether Planethic can adjust its debt terms while maintaining liquidity. If approved, the restructuring would help the company meet its obligations without reducing operational capacity. The final decision rests with bondholders in coordination with the SdK.
