Adler Pelzer markets €75 million senior secured mirror notes due 2024

Chicago, May 11 – Adler Pelzer Group is in the market with a €75 million add-on of senior secured mirror notes due April 1, 2024 (B3/B-), according to a market source.

The notes will be able to be optionally redeemed at 101.031 before April 1, 2022 and then can be redeemed at par after that date.

The Rule 144A and Regulation S deal was coming through JPMorgan (billing and delivery) with BNP Paribas listed as a joint bookrunner.

Proceeds will be used for general corporate purposes.

The issuer is a Bad Durrenberg, Germany-based producer of acoustic and thermal components and systems for the automotive sector.

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