Dr. Rolf-Dieter Grass
Head of Corporate Communication

Tel: +49 30 2000 914 29
Mobil: +49 172 386 255 8
Fax: +49 30 639 6192 28

Publication of Insider Information pursuant to Art. 17 of the EU Market Abuse Regulation (MAR)

Berlin, 29 November 2017 – The Management Board of ADLER Real Estate Aktiengesellschaft (ISIN DE0005008007) today resolved subject to the consent of the supervisory board to issue senior unsecured notes under New York law in two tranches with an indicative volume of at least EUR 300 million per tranche. The notes will be offered in a one-day bookbuilding by way of private placements to qualified investors outside the United States of America pursuant to Regulation S. There will be no public offer of the notes. ADLER intends to make an application for the notes to be listed on the regulated market of the Irish Stock Exchange.
The notes are expected to be issued in two tranches with maturities of 4 and 6 years. The interest coupon will be determined in the bookbuilding.
The net proceeds from the notes issuance will be used primarily for the purpose of financing the repurchase of existing secured Schuldschein loans with a volume of up to approx. EUR 700 million (including makewhole amount, bank fees and other costs) as well as for further debt refinancing with a view to improving ADLER’s key financial ratios such as cost of debt and FFO.
Goldman Sachs International is acting as Sole Global Coordinator, and Deutsche Bank AG, London Branch, Goldman Sachs International, J.P. Morgan Securities plc and Morgan Stanley & Co. International plc are acting as Joint Bookrunners for the accelerated bookbuilding. Deutsche Bank has also been mandated to act for ADLER in respect of the repurchase of the Schuldschein loans.