Branicks - comment

The repayment of the final tranche of the bridge loan removes one maturity headache for management. We expect Branicks to have cash on hand of well over €50m at the end of December 2024. The promissory notes extended to June 2024 will need to be extended along with an Amend and Extend operation for the SUNS. As the SUNs become current in September 2025, we expect the company to approach creditors in H1. The earlier, the better. 

https://branicks.com/en/branicks-group-ag-vib-bridge-financing-fully-repaid/