on ADO Properties S.A. (isin : LU1250154413)
ADLER Real Estate's Successful Tender Offer for €300 Million Notes
ADLER Real Estate GmbH, under Adler Group S.A., reported a significant response to its cash tender offer for €300 million senior secured notes, maturing in April 2026. Announced on May 19, 2025, the offer resulted in €285.2 million tendered, accounting for approximately 95% of the notes' nominal amount. The company accepted this for a purchase price of €98,500 per €100,000 principal, with the settlement expected on June 27, 2025.
Additionally, 100% of noteholders present approved the amendments to the notes' terms during a vote conducted without a meeting, from June 17 to June 20, 2025. This reflects a strong consensus among stakeholders regarding the notes' restructuring.
R. P.
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