Brief: Adler Group To Launch A Cash Tender Offer For Its Outstanding Secured Convertible Notes

Adler SA

29/08/2023 06:31

Aug 29 (Reuters) - ADLER GROUP SA  ADJ.DE :
    * TO LAUNCH A CASH TENDER OFFER FOR ITS OUTSTANDING SECURED
CONVERTIBLE NOTES AND TO ISSUE NEW SENIOR SECURED NOTES
    * REPURCHASE PRICE FOR CONVERTIBLE NOTES WILL BE EUR 97,000
PER
EUR 100,000 PRINCIPAL AMOUNT PLUS ACCRUED INTEREST
    * TO REPURCHASE ITS OUTSTANDING EUR 165,000,000 SENIOR
SECURED
CONVERTIBLE NOTES DUE NOVEMBER 23, 2023
    * TO ISSUE UP TO EUR 191,000,000 SENIOR SECURED NOTES WITH
AN
EXPECTED TERM OF TWO YEARS DUE 2025
    * INTENDS TO USE NET PROCEEDS FROM ISSUANCE OF NEW NOTES FOR
REPAYMENT OF CONVERTIBLE NOTES AND CERTAIN PROMISSORY NOTES
(SCHULDSCHEINE) ISSUED BY ADO LUX FINANCE S.À R.L. AND
GUARANTEED BY COMPANY.

Source text for Eikon:  ID:nEQbjS6ta 
Further company coverage:  ADJ.DE 

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