Brief: Adler Real Estate Says Agreement With Bondholder Group Of Adler Group On Provision Of Secured Debt Financing, Amendment Of Note Terms

Adler Real Estate AG

25/11/2022 19:07

Nov 25 (Reuters) - Adler Real Estate AG  ADLG.DE :
    * EQS-ADHOC: ADLER REAL ESTATE AG: AGREEMENT WITH BONDHOLDER
GROUP
OF ADLER GROUP S.A. ON PROVISION OF SECURED DEBT FINANCING AND
AMENDMENT OF NOTE TERMS
    * ADLER REAL ESTATE- AGREEMENT PROVIDES PROVISION OF SECURED
DEBT
FINANCING TO ADLER GROUP OF COMPANIES OF UP TO EUR 937.5 MILLION
    * LOAN WILL ACCRUE PAYMENT-IN-KIND INTEREST AT A RATE OF
12.5% AND
HAS A TERM UNTIL 30 JUNE 2025
    * HAS UNDERTAKEN TO SEEK TO AMEND TERMS AND CONDITIONS OF
ITS
BONDS TO ALLOW SUCH BONDS AND PAYMENT-IN-KIND ACCRUING ON NEW
FUNDS
    * AGREEMENT ALSO PROVIDES THAT MATURITY OF LOAN GRANTED BY
ADLER
REAL ESTATE TO ADLER GROUP WILL BE EXTENDED TO 25 APRIL 2023
    * INTEREST RATE WILL BE INCREASED TO 5.16 % P.A., SUBJECT TO
A
CONFIRMING TRANSFER PRICING STUDY.

Source text for Eikon:  ID:nEQ9LWzDGa 
Further company coverage:  ADLG.DE 
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