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    EQS-Adhoc  117  0 Kommentare Adler Group S.A. reached a non-binding agreement in principle on a restructuring with bondholdersA.:

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    • Adler Group S.A. reached non-binding agreement with bondholders for restructuring.
    • Discussions aim to refinance, extend debt, and issue control to bondholders.
    • Uncertainty remains as parties have not yet reached final agreement.

    EQS-Ad-hoc: Adler Group S.A. / Key word(s): Capital Reorganisation
    Adler Group S.A. reached a non-binding agreement in principle on a restructuring with bondholdersA.:

    25-Apr-2024 / 11:16 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

     

    Adler Group S.A. reached a non-binding agreement in principle on a restructuring with bondholders

    Luxembourg, 25 April 2024 – Adler Group S.A. (“Adler Group” and together with its subsidiaries, the “Group”) is currently in advanced negotiations with a steering committee of bondholders (“SteerCo”) to, among others, refinance and extend existing financial indebtedness, partially subordinate existing financial indebtedness and issue instruments representing majority voting control in Adler Group to bondholders.

    These discussions have resulted in a non-binding agreement in principle and the parties are aiming for a lock-up agreement (“Lock-up Agreement”) to be signed with the members of the SteerCo and further bondholders of the Group in due course. Further information will be provided upon signing of a Lock-up Agreement. Whether a Lock-up Agreement will be concluded remains uncertain as the parties have not yet reached a final agreement.

     

    Notifying Person:

    Gundolf Moritz, Head of Financial Communications

    +49 151 23680993

    g.moritz@adler-group.com

     

    Grand Duchy of Luxembourg, 25 April 2024

    Adler Group S.A.

    Board of Directors




    Contact:
    Thierry Beaudemoulin, CEO

    End of Inside Information

    25-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: Adler Group S.A.
    55 Allée Scheffer
    2520 Luxembourg
    Luxemburg
    Phone: +352 278 456 710
    Fax: +352 203 015 00
    E-mail: investorrelations@adler-group.com
    Internet: www.adler-group.com
    ISIN: LU1250154413
    WKN: A14U78
    Indices: FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
    EQS News ID: 1889559

     
    End of Announcement EQS News Service

    1889559  25-Apr-2024 CET/CEST

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    EQS-Adhoc Adler Group S.A. reached a non-binding agreement in principle on a restructuring with bondholdersA.: EQS-Ad-hoc: Adler Group S.A. / Key word(s): Capital Reorganisation Adler Group S.A. reached a non-binding agreement in principle on a restructuring with bondholdersA.: 25-Apr-2024 / 11:16 CET/CEST Disclosure of an inside information acc. to …