Adler Pelzer to repay €40 million super senior term loan

By Sara Rosenberg

New York, May 10 – Adler Pelzer Holding GmbH plans to repay a €40 million super senior term loan due June 2023 using proceeds from a €350 million senior secured fixed-rate notes offering, balance sheet cash and a €120 million shareholder loan, according to a market source.

Remaining proceeds from the transactions will be used to repay €425 million of senior secured notes due April 2024, to repay €11 million of other borrowings and to pay associated fees and expenses.

Adler Pelzer is a Germany-based designer and manufacturer of acoustic and soft trim as well as plastic and composites for hard trim components and systems in the automotive sector.

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