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ADLER Real Estate AG: ADLER Real Estate AG resolves buyback of up to EUR 200,000,000 aggregate principal amount of existing notes to be financed via the issuance of new unsubordinated unsecured notes

ADLER Real Estate AG / Key word(s): Bond
ADLER Real Estate AG: ADLER Real Estate AG resolves buyback of up to EUR 200,000,000 aggregate principal amount of existing notes to be financed via the issuance of new unsubordinated unsecured notes

19-Apr-2018 / 10:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.



Publication of Insider Informationen
pursuant to Article 17 of Regulation (EU) No. 596/2014

ADLER Real Estate AG resolves buyback of up to EUR 200,000,000 aggregate principal amount of existing notes to be financed via the issuance of new unsubordinated unsecured notes

Berlin, 19 April 2018 - The management board of ADLER Real Estate AG today resolved subject to the consent of the supervisory board to commence a cash tender offer to the holders of its EUR 500,000,000 4.75% Notes due 2020 (ISIN XS1211417362) to repurchase up to EUR 200,000,000 aggregate principal amount. The offer period will be seven business days and is expected to close on 27 April 2017, 5.00 pm (CEST), subject to an extension or shortening.

The tender offer is expected to be financed with the partial proceeds from the issuance of potentially dual-tranche unsubordinated, unsecured euro-denominated notes under German law with indicative maturities of 5 and 8 years, respectively (the new notes), which were launched simultaneously to the tender offer. The closing of the tender offer is subject to certain conditions including the successful closing of the issuance of the new notes. The indicative repurchase price is 104.385% or EUR 1,043.85 per EUR 1,000 denomination.

The measures aim to improve the company's Weighted Average Maturity ("WAM"), improve our FFO, Cost of Debt and other key financial ratios and accelerate the path to Investment Grade.

ADLER Real Estate AG

Management Board

Disclaimer

This publication constitutes neither an offer to sell nor an invitation of an offer to purchase or subscribe for any securities. No public offer of securities of ADLER Real Estate AG is being made or intended.

The distribution of this publication may be subject to legal restrictions in certain jurisdictions. Persons who come into possession of this publication are requested to inform themselves about any of such restrictions and comply with them. Non-compliance with such restrictions may constitute an infringement of the securities laws of the respective jurisdiction.

This publication is not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan, or any other jurisdiction into which such distribution would not be permitted by applicable law.

This publication is not an offer of securities nor a solicitation of an offer to purchase securities in the United States of America. The securities mentioned herein are not and will not be registered under the U.S. Securities Act of 1933 as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.


19-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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