Document background
The Debenture Subscription Agreement is a crucial document in German corporate finance, used when companies seek to raise debt capital through the issuance of debentures. This agreement is particularly relevant in the German market where debt instruments are a common financing tool, governed by sophisticated legal frameworks including the Securities Trading Act and German Debenture Act. The document is essential for both private and public offerings, detailing the terms of subscription, payment mechanisms, representations and warranties, and ongoing obligations of all parties. It includes specific provisions required under German law for debt instruments, such as collective action clauses and appointment of trustees where applicable. The agreement serves as the primary document governing the relationship between the issuer and subscribers throughout the life of the debentures.
