EQS-News

ADLER Real Estate AG: ANNOUNCES RECEIPT OF THE REQUISITE CONSENTS TO AMEND 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 RECEIPT OF THE REQUISITE CONSENTS TO AMEND ITS OUTSTANDING €300,000,000 2.125% NOTES DUE 2024 22.05.2023 / 10:00 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 RECEIPT OF THE REQUISITE CONSENTS TO AMEND ITS OUTSTANDING €300,000,000 2.125% NOTES DUE 2024 (ISIN / COMMON CODE: XS1731858715 / 173185871).

Berlin, May 22, 2023 — ADLER Real Estate Aktiengesellschaft (the “Company”) announces that the holders (the “Holders”) of more than 50% in aggregate principal amount outstanding of its €300,000,000 2.125% notes due 2024 (the “Notes”) have validly tendered their Notes and delivered their consent to certain amendments to the indenture (the “Proposed Amendments”). Given the requisite consents to the Proposed Amendments have been received, the Company will proceed to execute a supplemental indenture to implement the Proposed Amendments as soon as reasonably practicable.

The Company will announce the full results of the tender offer and consent solicitation as of the early tender and consent date (which ends at 5:00 p.m., New York time, on May 22, 2023) on May 23, 2023.

On May 9, 2023, the Company invited the Holders of its Notes to tender any and all of such Notes for purchase by the Company for cash (the “Tender Offer”) and to consent to the Proposed Amendments (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”).