20.12.2024 07:53:41
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EQS-News: Adler Group S.A. procured binding commitments to refinance its 1L Facility
EQS-News: ADLER Group S.A.
/ Key word(s): Financing
Adler Group S.A. procured binding commitments to refinance its 1L Facility Luxembourg, 20 December 2024 – Adler Group S.A. (“Adler Group”) procured binding commitments in the amount of c. €1.2bn for the refinancing of the 1L Notes issued by ADLER Financing S.à r.l., an orphan special purpose vehicle not related to Adler Group (“Financing SPV”), and a corresponding amendment of the 1L Facility between, inter alia, Adler Group and the Financing SPV (“Refinancing”). The amended 1L Facility will accrue payment-in-kind (PIK) interest at a rate of 8.25% per annum plus a 1% OID with no call protection. The reduction of the PIK interest down from 12.5% reflects primarily an improved risk profile of Adler Group. Provided that the required consent by the Financing SPV and its noteholders will be obtained, the Refinancing is expected to be completed by the end of January 2025.
Contact Investor Relations:
20.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | Adler Group S.A. |
55 Allée Scheffer | |
2520 Luxembourg | |
Luxemburg | |
Phone: | +352 278 456 710 |
Fax: | +352 203 015 00 |
E-mail: | investorrelations@adler-group.com |
Internet: | www.adler-group.com |
ISIN: | LU1250154413 |
WKN: | A14U78 |
Indices: | FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange |
EQS News ID: | 2055283 |
End of News | EQS News Service |
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2055283 20.12.2024 CET/CEST
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