Joh. Friedrich Behrens has difficulties in refinancing negotiations. Talks with potential lenders have not yet been successful. There is no agreement on the essential content of the contract. The company must repay a bond issued in 2015 on November 11th. This requires external funds.
A fundamental agreement was reached with the Federal Economic Stabilization Fund and the State of Schleswig-Holstein, but apparently not with other possible partners. It is unclear whether this will succeed in the remaining days. You are therefore also examining a possible bankruptcy application.
Investors were able to subscribe to a bond from Behrens worth 15 million euros until November 5th. With this money they wanted to refinance the now expiring bond. The company has not yet provided any information on the outcome of the issue.
At a glance – chart and news: Joh. Friedrich Behrens AG