sur ADO Properties S.A. (isin : LU1250154413)
Adler Group Secures Commitments for Refinancing 1.5L Facilities
Adler Group S.A. announced securing binding commitments of approximately €0.7 billion for refinancing its 1.5L Notes, originally issued by ADLER Financing S.à r.l., a special purpose vehicle. The refinancing is set to come with amended terms, featuring a reduced payment-in-kind (PIK) interest rate from 14.00% to 10.00% per annum, reflecting an improved risk profile.
The success of this refinancing hinges on the completion of a related 1L refinancing and noteholder consent for €3,041.9 million 2L PIK notes. The maturity of the 1.5L Facility remains December 31, 2029. Adler Group anticipates saving about €87 million in interest over its lifetime.
The initiative marks the second refinancing for Adler Group within weeks, signaling increased market confidence, according to CEO Dr. Karl Reinitzhuber. CFO Thorsten Arsan underscored the trust from investors, expecting €134 million in savings across both 1L and 1.5L notes.
R. E.
Copyright © 2025 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de ADO Properties S.A.