EQS-News

ADLER Real Estate AG: announces early results of the tender offer and consent solicitation in respect of its outstanding €300,000,000 2.125% notes due 2024

EQS-News: ADLER Real Estate AG / Key word(s): Bond ADLER Real Estate AG: announces early results of the tender offer and consent solicitation in respect of its outstanding €300,000,000 2.125% notes due 2024 23.05.2023 / 10:04 CET/CEST The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES AND ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY NOTES.

 

ADLER REAL ESTATE AKTIENGESELLSCHAFT ANNOUNCES EARLY RESULTS OF THE TENDER OFFER AND CONSENT SOLICITATION IN RESPECT OF ITS OUTSTANDING €300,000,000 2.125% NOTES DUE 2024 (ISIN / COMMON CODE: XS1731858715 / 173185871).

May 23, 2023 — ADLER Real Estate Aktiengesellschaft (the “Company”) announces the early results of its invitation to the holders (the “Holders”) of its outstanding €300,000,000 2.125% notes due 2024 (the “Notes”) to tender any and all of such Notes for purchase by the Company for cash (the “Tender Offer”) and to consent to certain amendments (the “Proposed Amendments”) to the indenture (as amended from time to time, the “Indenture”) constituting such Notes (the “Consent Solicitation”, and together with the Tender Offer, the “Offer”), in each case on the terms and subject to the conditions set out in the tender offer and consent solicitation memorandum dated May 9, 2023 (the “Tender Offer and Consent Solicitation Memorandum”).

Capitalized terms used in this announcement but not defined herein have the meaning given to them in the Tender Offer and Consent Solicitation Memorandum.

Holders of €280,092,000 in aggregate principal amount of the Notes, representing 93.36% of the Notes currently outstanding, validly tendered their Notes and delivered their consent to the Proposed Amendments at or prior to 5:00 p.m., New York time, on May 22, 2023 (the “Early Tender and Consent Date”). Holders of such Notes shall receive the Total Consideration plus any Accrued Interest on or about May 26, 2023.