| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Adler Real Estate AG > News item |
Adler solicits consents to amend 4¾% notes due 2020
New York, Nov. 20 – Adler Real Estate AG began a consent solicitation for its €500 million of 4¾% notes due 2020, according to a notice from the issuer.
The company is seeking to amend one of the definitions used in the unencumbered assets covenant to clarify the methodology so that it more accurately reflects how Adler calculates compliance.
If the solicitation is successful, holders who deliver consents will receive a fee of €2.50 per €1,000 principal amount.
The solicitation runs until 11 a.m. ET on Nov. 28.
Deutsche Bank AG, London Branch (+44 20 7545 8011), Goldman Sachs International (+44 20 7774 9862 or liabilitymanagement.eu@gs.com), J.P. Morgan Securities plc (+44 20 7134 2468 or EMEA_LM@jpmorgan.com) and Morgan Stanley & Co. International plc (+44 20 7677 5040 or liabilitymanagementeurope@morganstanley.com) are solicitation agents.
Lucid Issuer Services Ltd. (+44 20 7704 0880 or adler@lucid-is.com) is tabulation agent and information agent.
The solicitation is only open to professional and institutional investors.
Adler is a Berlin-based owner of residential real estate for tenants with medium to low incomes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.