Brief: Adler Group Places EUR 191,000,000 Senior Secured Notes Due 2025

Adler SA

29/09/2023 13:31

Sept 29 (Reuters) - ADLER GROUP SA  ADJ.DE :
    * ADLER GROUP S.A. SUCCESSFULLY PLACES EUR 191,000,000
SENIOR
SECURED NOTES DUE 2025
    * NET PROCEEDS FROM ISSUANCE OF NEW NOTES WILL BE USED FOR
REPAYMENT OF COMPANY'S OUTSTANDING EUR 165,000,000 SENIOR
SECURED CONVERTIBLE NOTES DUE 23 NOVEMBER 2023
    * COMPANY EXPECTS THAT CONDITIONS TO TENDER OFFER FOR ITS
CONVERTIBLE NOTES LAUNCHED ON 29 AUGUST 2023 WILL ALSO BE
SATISFIED SO THAT TENDER OFFER CAN CLOSE

Source text for Eikon:  ID:nEQ9nS66Ma 
Further company coverage:  ADJ.DE 

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