09.12.2022 Adler Group S.A.  LU1250154413

EQS-News: Adler Group S.A. receives sufficient support to implement bond amendments via alternative implementation route


 

EQS-News: Adler Group S.A. / Key word(s): Capital Reorganisation
Adler Group S.A. receives sufficient support to implement bond amendments via alternative implementation route

09.12.2022 / 08:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


Adler Group S.A. receives sufficient support to implement bond amendments via alternative implementation route

 

Luxembourg, 9 December 2022 - Adler Group S.A. (the “Group”) is pleased to announce that more than 60% of its bondholders in aggregate have now acceded to the Lock-up Agreement first agreed with the Steering Committee of its bondholders on 25 November 2022. With the passing of this threshold, the Group will, if needed, complete the amendment of the terms and conditions of its Notes using an alternative implementation route, in the event the Consent Solicitation to amend each and all of the Group's six series of senior unsecured fixed rate notes launched on Friday, 2 December 2022 is not successful.

 

In that Consent Solicitation, adoption of the bond amendments requires the consent of at least 75% of the votes cast in respect of each series as well as the necessary quorum of each series. If the proposed amendments become effective, they will be binding on all noteholders and all noteholders who cast their vote will receive a 25bps voting fee. Three of the series have already passed the 75% support level.

 

The alternative 25 bps transaction fee, payable to bondholders on completion of the transaction, will only be payable to those holders who sign the Lock-up Agreement on or before close of business on Tuesday, 13 December 2022 in the event a certain alternative implementation route is used to complete the amendment to the Notes.

 

Any remaining bondholders who have not yet signed the Lock-up Agreement, or received transaction documentation, are encouraged to contact:

 

 

Adler appreciates the continued support of all of its stakeholders, and it looks forward to closing this transaction and continuing to work together with stakeholders to maximise value. The new money funding announced on Friday November 25 is fully backstopped and will be provided once the amendment of the terms and conditions of the Notes is completed. This completion is expected to occur in Q1 2023, and following completion of the transaction, the Group will continue to focus on disposing of assets in the interest of substantially deleveraging its balance sheet.

 

The consent solicitation document can be downloaded at: https://www.adler-group.com/en/investors/share-bonds/bonds/consentsolicitation

 

 

 

Contact

 

Investor Relations

T +352 278 456 710

F +352 203 015 00

E [email protected]

 


 


09.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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: [email protected]
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: 1508911

 
End of News EQS News Service

1508911  09.12.2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 109,78 128,85 154,85 156,52 758,74 1.143,73 0,00
EBITDA1,2 66,63 77,09 93,78 93,81 555,58 208,25 0,00
EBITDA-Marge3 60,69 59,83 60,56 59,93 73,22 18,21 0,00
EBIT1,4 66,27 80,55 93,25 613,92 544,28 -640,97 0,00
EBIT-Marge5 60,37 62,51 60,22 392,23 71,73 -56,04 0,00
Jahresüberschuss1 410,77 367,51 397,46 606,92 229,46 -1.165,01 0,00
Netto-Marge6 374,18 285,22 256,67 387,76 30,24 -101,86 0,00
Cashflow1,7 76,38 86,85 103,93 88,76 120,30 -276,24 0,00
Ergebnis je Aktie8 10,11 8,07 8,77 12,74 1,99 -10,03 -8,10
Dividende8 0,45 0,60 0,75 0,75 0,46 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Adler Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A14U78 1,390 Verkaufen 163,34
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
34,75 5,99 6,26 1,54
KBV KCV KUV EV/EBITDA
0,07 - 0,14 31,87
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
Hauptversammlung
0,00 0,00 0,00 29.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.05.2023 29.08.2023 29.11.2022 25.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-13,24% -52,74% 2,81% -85,38%
    
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Immobilien (Wohn) , A14U78 , ADJ , XETR:ADJ