DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Bond/Financing
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.
|Company:||ADLER Real Estate AG|
|Joachimsthaler Straße 34|
|Phone:||+49 30 398 018 10|
|Fax:||+49 30 639 61 92 28|
|ISIN:||DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02|
|WKN:||500800, A14J3Z, A1R1A4, A11QF0|
|Indices:||SDAX, GPR General Index|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||793017|
|End of Announcement||DGAP News Service|
793017 28-March-2019 CET/CEST