Berlin, 20. November 2017 – ADLER Real Estate AG has mandated Goldman Sachs International as Global Coordinator and Deutsche Bank, Goldman Sachs International, J.P. Morgan and Morgan Stanley as Joint Bookrunners to arrange a series of investor meetings across Europe commencing Thursday, November 23, 2017. A EUR-denominated dual-tranche Reg S senior unsecured transaction in the intermediate part of the curve is expected to follow, subject to market conditions. Relevant stabilization regulations including FCA/ICMA apply.
The announcement follows the Company’s strategy to improve its key financial ratios such as cost of debt and FFO in conjunction with its target to seek an Investment Grade rating in the short to medium term.
Separately, ADLER is announcing a consent solicitation in respect of its €500,000,000 4.75% Notes due 2020 (ISIN XS1211417362). The consent solicitation statement, is available at www.lucid-is.com/adler or can be obtained from the Tabulation and Information Agent (Lucid Issuer Services Limited, Tel. +44 20 7134 2468, Email: email@example.com). The deadline for submission of consent instructions is 5.00 p.m. (Central European Time) on November 28, 2017. Morgan Stanley & Co. International PLC, Deutsche Bank AG, London Branch, Goldman Sachs International and J.P. Morgan Securities PLC have been engaged to act as the solicitation agents for the Consent Solicitation.
Norton Rose Fulbright LLP is acting for ADLER, and Allen & Overy LLP is acting for the banks with respect to the transactions. Both firms acted as advisors to ADLER and the banks, respectively, in connection with prior successful bond issuances of ADLER, including the tap of the Notes in April 2017.