HT5 secures broad support for bond change: Next steps!

HT5 secures broad support for bond change: Next steps!

HT5 AG, previously known as Hochdorf, recently made important progress in its restructuring process. Loud Financial trends the company was able to secure the required majority of bondholders to make changes to the bond terms. Over 100 million francs of nominal capital, i.e. more than 80 percent of the outstanding bond, voted in favor of the proposed measures. This is a crucial step as the required two-thirds majority was achieved early on.

The board of directors of HT5 AG described this approval as a sign of trust. This is particularly evident in view of the planned integration of the restructured company with an operational company and the aim of returning to the SIX Swiss Exchange via reverse takeover. About a month ago, shareholders approved the plan and rejected delisting, which further supported the positive development.

Important bondholders meeting

A bondholders' meeting will take place on June 13, 2025, at which HT5 AG would like to discuss the adjustment of the bond conditions for the hybrid bond (ISIN CH0391647986). Loud Frankfurt Stock Exchange The proposal includes two options for bondholders: a sale of a share at a nominal value of CHF 5,000 against payment of CHF 535 or the conversion of a share into 600 HT5 shares. These adjustments are aimed at enabling faster processing of ongoing probate proceedings.

For the successful implementation of the restructuring, the approval of at least 66.67 percent of the nominal capital, i.e. CHF 125 million, is required. If there is a rejection or the quorum is not reached, the time in the probate process could be extended, which could possibly not lead to an estate dividend until 2026. Over 90 percent of the bondholders have already taken advantage of the debt call and will be invited to attend the meeting.

Further steps in the restructuring

HT5, together with the administrator Transliq, will soon announce further details about the progress of the renovation. The approval of the creditors is generally seen as a positive signal and shows that the company is aiming for a realignment, which is of great importance for both the bondholders and for future business development.

Participation in the bondholders' meeting is possible for all creditors who register on time and provide proof of their eligibility. The contact person for questions is Andreas Leutenegger from HT5 AG.