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DGAP-News: Adler Group S.A.
/ Key word(s): Bond
Adler Group S.A. realises synergies and further simplifies its group structure
Berlin, 5 May 2021 - Consus Real Estate AG ("Consus"), fully consolidated subsidiary of Adler Group S.A. ("Adler Group"), has announced yesterday that it will redeem all of its EUR 450m 9.625% senior secured notes due 2024 (the "Notes") at the redemption price of 104.813%. The redemption date for the Notes will be on 15 May 2021. The Notes will be repaid with the proceeds from the recent bond issuance of Adler Group. This refinancing will enable Adler Group to reduce its weighted average cost of debt to 2.2% and realise further EUR 33m of annualised financial synergies. The redemption of the Notes, together with the squeeze out of minority shareholders of WESTGRUND Aktiengesellschaft which is expected to be completed in the second half of 2021, mark an important milestone on the way to further simplify and harmonise the group structure. Contact:
05.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Adler Group S.A. |
| 1B Heienhaff | |
| 1736 Senningerberg | |
| Luxemburg | |
| Phone: | 0 |
| Fax: | |
| E-mail: | |
| Internet: | -group.com |
| ISIN: | LU1250154413 |
| WKN: | A14U78 |
| Indices: | SDAX, 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: | 1192913 |
| End of News | DGAP News Service |
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1192913 05.05.2021
