Marley Spoon Group SE Announces Financial Restructuring for German Subsidiary

Marley Spoon Group SE has outlined plans for the financial restructuring of its German subsidiary, Marley Spoon SE. A key step involves the increase and extension of a loan from Runway Growth Finance until the end of 2030. The majority of this loan, along with accrued interest, is subordinated. Additionally, lenders will have the option to convert the loan into shares of Marley Spoon SE, though this is limited to a one-time exercise and capped at 80%.

To facilitate restructuring, a simplified capital reduction is planned, reducing share capital from EUR 73.6 million to EUR 19.6 million. The company will also establish two holding structures, providing lenders simplified access to secured shares in Marley Spoon SE. This restructuring effort is crucial for Marley Spoon's financial sustainability and future growth.