Paragon to Hold Second Bondholders' Meeting After Initial Vote Falls Short of Quorum
TL;DR
paragon's second bondholders meeting offers investors a chance to influence favorable bond term adjustments and potentially improve their financial position.
paragon GmbH & Co. KGaA will hold an in-person bondholders meeting on December 19, 2025 in Delbrück after a first vote failed to reach quorum.
paragon's transparent bondholder engagement process demonstrates corporate accountability and aims to build trust with investors through direct communication.
paragon, an automotive technology innovator, hosts bondholder meetings in Delbrück, Germany, with CEO Klaus Dieter Frers leading the discussions.
Found this article helpful?
Share it with your network and spread the knowledge!
Paragon GmbH & Co. KGaA has announced it will hold a second bondholders' meeting in person after a written vote on proposed adjustments to the terms of its EUR bond failed to achieve the necessary participation quorum. The company presented bondholders with its proposal for a vote without a meeting from November 27 to 29, 2025, but participation reached only 3.00% of the total outstanding bonds, clearly missing the required threshold. This outcome was anticipated by the company's leadership.
The second bondholders' meeting is scheduled for December 19, 2025, at 10 a.m. at the company's headquarters in Delbrück, specifically at the Hotel Waldkrug on Graf-Sporck-Strasse 34. A participation fee will be provided for attendees. Prior to this meeting, Paragon, together with the SdK - the German Shareholders' Association - will host an additional informational event, for which a separate invitation will be distributed.
Klaus Dieter Frers, founder and CEO of the personally liable partner of paragon GmbH & Co. KGaA, commented on the initial vote's outcome, stating it was no surprise that the required quorum was not reached. He expressed expectation that the company's engagement with investors' protection associations and major bondholders would ultimately lead to broad approval at the forthcoming second creditors' meeting. This process is critical as the company seeks consensus on adjusting bond terms, which can have significant implications for its financial structure and investor relations.
Paragon GmbH & Co. KGaA, identified by ISIN DE0005558696, is listed on the Regulated Market (Prime Standard) of Deutsche Borse AG in Frankfurt am Main. The company develops, produces, and distributes innovative solutions in automotive electronics, body kinematics, and electromobility. Its portfolio includes air quality management systems, display systems, and acoustic systems in the electronics segment, along with active mobile aerodynamic systems in the mechanics segment. Through its Power division, it supplies power battery management systems and drive batteries, tapping into the growing automotive battery market.
The company maintains its headquarters in Delbrück, North Rhine-Westphalia, with additional locations in Suhl, Thuringia; Landsberg am Lech and Nuremberg, Bavaria; St. Georgen, Baden-Wurttemberg; Limbach, Saarland; and internationally in Kunshan, China; Detroit, USA; Bengaluru, India; and Oroslavje, Croatia. For more information, the company's website is accessible at https://www.paragon.ag. The original press release was issued on https://www.newmediawire.com.
Curated from NewMediaWire
