Creditors of ABO Energy have approved a series of resolutions supporting the company’s restructuring plan.
At a meeting on 9 March 2026, bondholders backed all proposals with majorities of more than 99%, the German developer said.
The creditors agreed to suspend a negative pledge contained in bond terms and conditions until 31 December 2026, the company added.
ABO Energy noted that the move allows it to provide collateral in order to utilise guarantee or cash credit lines.
The company argued that this improves its chances of successfully participating in tariff tenders that require guarantees backed by collateral.
Bondholders also agreed to waive termination rights linked to the ongoing restructuring, including those already declared.
The waiver removes the risk that individual bondholders could disrupt the restructuring by terminating their bonds, ABO said.
Lawyer Markus W. Kienle, a board member of the investor protection association Schutzgemeinschaft der Kapitalanleger, was elected joint representative of the creditors.
He has been authorised to conclude a standstill agreement and negotiate agreements to implement the restructuring plan while representing bondholders’ interests.
Creditors representing approximately €38.7m, or 48% of outstanding bonds, participated in the meeting, exceeding the required quorum of 25%.
“With these resolutions, the bond creditors have sent a clear signal that they believe in and support the successful restructuring of ABO Energy,” said managing director Dr Karsten Schlageter.
“We will use this momentum and continue to work consistently to get ABO Energy back on track as quickly as possible.”