![]() Ī form of such Commitment Letter, together with further instructions in relation to delivery of evidence of such holder's SUNs holdings and other required supporting documentation, is available on demand by contacting the SteerCo's financial adviser. Parties wishing to participate in the New Money Funding are therefore advised to contact the Steerco's financial adviser using the details below as soon as possible. (London time) on 31 March 2023 and the completion of certain other steps. Participation in the New Money Funding requires delivery of a Commitment Letter to the SteerCo's financial adviser (Houlihan Lokey) prior to 5:00 p.m. The deadline for participation is 31 March 2023 (to the extent the relevant noteholders comply with certain regulatory and other eligibility requirements for participation in the New Money Funding). The New Money Funding continues to be backstopped by the Steering committee of SUN Holders (the“ SteerCo ”) and certain other SUN holders. ![]() The Amended Commitment Letters allow additional holders of the SUNs which are qualified investors under applicable regulations to commit financing to Adler Group and certain of its subsidiaries, and become lenders under the New Money Funding. In addition, Adler Group has agreed to issue new shares which will be transferred to the participating noteholders in the New Money Funding around closing of the New Money Funding. The Amended Commitment Letters and the Amended Lock-up Agreement will also provide Adler Group additional time to find an auditor to prepare its relevant audited consolidated financial statements. ![]() Adler Group has also extended the availability of the so-called“Plan B Fee”, which provides that locked-up noteholders of the SUNs will receive a 25īps transaction fee on their respective locked-up SUNs. ![]() (“ Adler Group ”) and its subsidiaries ADLER Real Estate Aktiengesellschaft, Consus Real Estate AG and AGPS BondCo PLC have amended, with the support of a significant majority of the locked-up holders of the AGPS BondCo PLC's senior unsecured notes (the“ SUNs ”), the lock-up agreement (in its amended form, the“ Amended Lock-up Agreement ”) and the new money commitment letters (in their amended form, the“ Amended Commitment Letters ”), each of which were originally entered into on or around 25 November 2022.įollowing its announcement on 25 November 2022, Adler Group has reopened and again invited all holders of the SUNs to participate in the committed new money funding (the“ New Money Funding ”). Luxembourg, 19 February 2023 – Today Adler Group S.A. The issuer is solely responsible for the content of this announcement. Key word(s): Capital ReorganisationĪdler Group S.A.: Amendment of lock-up agreement, commitment letters and reopening of new money participation ![]()
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