Adler reports tenders, consents from more than half of 2 1/8% notes

By Wendy Van Sickle

Columbus, Ohio, May 22 – Adler Real Estate AG announced on Monday that holders of more than the required 50% of its outstanding €300 million 2 1/8% notes due 2024 (ISIN: XS1731858715) validly tendered their notes and delivered their consents to amendments to the note indenture.

The company said it will announce the full results of the tender offer and consent solicitation on May 23.

The early tender and consent deadline was 5 p.m. ET on May 22.

The company launched the tender offer and consent solicitation on May 9.

The tender and consent solicitation will remain open until 11:59 p.m. ET on June 6.

Kroll Issuer Services Ltd. (+44 2077040880, adler@is.kroll.com or https://deals.is.kroll.com/adlerre) is the tender and information agent.

No other details were disclosed in Monday’s announcement.

The real estate investment company is based in Berlin.

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