Alternate Concepts

EQS-News: Corestate Capital Holding S.A.: Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction – corporate governance adjusted

Retrieved on: 
Thursday, May 4, 2023
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Luxembourg, 4 May 2023 – The Management Board of Corestate Capital Holding S.A. ("Corestate") has approved the implementation of an alternative restructuring concept ("Alternative Concept") with broad support from a group of major noteholders, other investors and significant shareholders.

Key Points: 
  • Luxembourg, 4 May 2023 – The Management Board of Corestate Capital Holding S.A. ("Corestate") has approved the implementation of an alternative restructuring concept ("Alternative Concept") with broad support from a group of major noteholders, other investors and significant shareholders.
  • Despite intensive efforts on the part of Company, the appointment of an auditor continues to be delayed.
  • The Alternative Concept includes adjustments to corporate governance, as part of which Dr. Nedim Cen moves today from his position as Chairman of the Supervisory Board to the Management Board as CEO.
  • As part of the Alternative Concept, an increase in bridge financing from €25m to €35m was also agreed with existing and new capital providers.

EQS-News: Corestate Capital Holding S.A.: Noteholders' meetings vote for extension of bond maturities

Retrieved on: 
Saturday, April 15, 2023
Alternate Concepts, Note, CoreStates Financial Corporation, EUR, Bank statement, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Luxembourg, April 14, 2023 – Today's noteholders' meetings for the EUR 200 million 2022 convertible notes and the EUR 300 million 2023 notes (together the "Notes") issued by Corestate Capital Holding S.A. ("Corestate") unanimously approved a rollover of the final maturity date to 31 July 2023, a deferral of interest payments and the waiver of certain termination rights.
  • The resolutions adopted enable Corestate to conclude the currently ongoing discussions on the concrete form of an alternative restructuring concept ("Alternative Concept") to present this to the noteholders for a vote at a later meeting.
  • A key feature of the alternative concept is that it can in principle be implemented without the availability of audited financial statements, as Corestate has not yet been able to appoint an auditor for the 2022 financial year.

Rolling Stock Solutions to Provide On-Demand Locomotive Power for Commuter Rail

Retrieved on: 
Friday, June 10, 2022
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BOSTON, June 10, 2022 /PRNewswire/ -- – Rolling Stock Solutions, LLC (RSS) is pleased to announce a new leasing platform focused exclusively on delivering proven, like-new locomotive power to U.S. commuter rail agencies facing challenges to replace and improve an aging locomotive fleet.

Key Points: 
  • BOSTON, June 10, 2022 /PRNewswire/ -- Rolling Stock Solutions, LLC (RSS) is pleased to announce a new leasing platform focused exclusively on delivering proven, like-new locomotive power to U.S. commuter rail agencies facing challenges to replace and improve an aging locomotive fleet.
  • RSS will deliver locomotive power to commuter rail agencies from a fleet of proven-model locomotives which are completely rebuilt to like-new condition under standard industry specifications.
  • RSS will provide rail agencies with locomotive power solutions under duration-flexible lease alternatives, giving them in essence immediate power on demand to address their most urgent fleeting requirements.
  • Rolling Stock Solutions is a first-of-its-kind American transit solution providing commuter rail agencies with proven locomotive power, built to like-new condition, on flexible lease terms.