(Bloomberg) — German auto parts supplier Standard Profil Automotive GmbH has agreed to a restructuring deal with creditors that will see bondholders take control of the company from Turkish private equity firm Actera Group. Under the plan, bondholders will have the option to provide as much as €145 million ($170 million) of new financing at a super senior level, according to a presentation seen by Bloomberg News. Participants will be allocated 90% of the common equity in the firm, with additional shares offered to lenders who backstop the deal. Existing holders of the company’s €275 million in notes will see 18% of their holdings reinstated, according to the presentation, with the new maturity date set for June 30, 2030. In total, €83 million of new notes will be restored, with holders receiving a 4% allocation of the common equity. A representative for Standard Profil didn’t respond to a request for comment. Standard Profil is one of several auto suppliers that have come under pressure due to a slower-than-expected shift to electric vehicles. The shadow of US tariffs, spurring potentially reduced demand for autos and the need for compensation negotiations, have also weighed on the sector. In the presentation, Standard Profil highlighted that sales for the year through May had been weaker than expected, due to reduced demand from clients such as Tesla Inc. and Volkswagen AG, as well as lower-than-anticipated price increases. Going forward, the company sees a compound annual growth rate of 7.9% from 2025 until 2029, partly due to an expected recovery in the EV sector. Standard Profil first entered negotiations with bondholders at the end of last year. During the discussions, creditors provided a €43.5 million bridge facility, while revolving-credit lenders also agreed to extend the loan’s maturity until the end of September. Both loans will be repaid with the proceeds of the new facility. The company expects the restructuring to be complete prior to the end of September, using a UK scheme of arrangement to implement the deal. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Parts supplier Standard Profil approves creditor takeover agreement.
