Adler Group Bondholders Approve Major Recapitalisation Plan

• Bondholders clear the way for Adler Group's comprehensive recapitalisation - AGPS BondCo PLC receives overwhelming support in consent solicitations - More than 90% of present and voting bondholders of each series approved the amendment of the terms and conditions of the senior secured notes - Comprehensive recapitalisation expected to be implemented through conversion of certain existing Notes into subordinated perpetual notes - Adler Group to receive up to €100m of additional liquidity through an increase of existing 1L new money facility - Company considers delaying progress of English restructuring plan proceedings due to voting results of consent solicitations

The next important date, Quarterly report, at ADLER Group is on 25.06.2024.

The price of ADLER Group at the time of the news was 0,1644EUR and was up +1,80 % compared with the previous day.
13 minutes after the article was published, the price was 0,1736EUR this corresponds to a plus of +5,60 % since publication.

ADLER Group

+0,70 %

-1,88 %

-27,96 %

-32,90 %

+25,54 %

-98,10 %

-98,64 %

-98,92 %

ISIN:LU1250154413WKN:A14U78

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max