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ADLER Real Estate AG: Early redemption of 2015/2020 bond (WKN A14J3Z) intended

ADLER Real Estate AG / Key word(s): Bond/Financing
ADLER Real Estate AG: Early redemption of 2015/2020 bond (WKN A14J3Z) intended

28-March-2019 / 13:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ADLER Real Estate AG
(ISIN XS1211417362; WKN A14J3Z)
Berlin, March 28, 2019 – ADLER Real Estate AG, the German residential real estate company, has mandated J.P. Morgan as sole Global Coordinator, and J.P. Morgan, Morgan Stanley and Unicredit as bookrunners to arrange a series of fixed-income investor update meetings on April 1 and 2. A new EUR 300m to 400m senior unsecured transaction will follow, subject to market conditions.

The proceeds of the potential bond offering will be used to repay existing debt. In this context, subject to a successful transaction, ADLER is intending to exercise its issuer call right under the 4.750% notes due 2020 (ISIN XS1211417362; WKN A14J3Z) (the “Notes“) with an outstanding principal amount of EUR 300m and to redeem all outstanding Notes at par. Should ADLER exercise its call right, a formal notice of termination will be published in accordance with the terms of the Notes.

28-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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