Will Proceed To Implement Changes To Notes Via Alternative Route

Adler SA

12/01/2023 06:32

Jan 12 (Reuters) - Adler Group SA  ADJ.DE :
    * ANNOUNCES AGREEMENT WITH NOTEHOLDERS REGARDING
IMPLEMENTATION OF
AMENDMENTS TO ITS NOTES
    * WILL NOW PROCEED TO IMPLEMENT PROPOSED CHANGES TO NOTES
VIA AN
ALTERNATIVE ROUTE
    * HAS AGREED WITH MAJORITY OF ITS LOCKED-UP NOTEHOLDERS THAT
AN
ENGLISH RESTRUCTURING PLAN IS AN APPROPRIATE ALTERNATIVE
IMPLEMENTATION METHOD.
    * TARGETS THAT CHANGES TO TERMS AND CONDITIONS OF NOTES WILL
BECOME EFFECTIVE IN COURSE OF APRIL 2023

Source text for Eikon:  ID:nEQ3NwLpha 
Further company coverage:  ADJ.DE 
 ((frankfurt.newsroom@thomsonreuters.com;))