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LU1250154413
Fri, 20.12.2024
Adler Group S.A.
Adler Group S.A. procured binding commitments to refinance its 1L Facility
Luxembourg, 20 December 2024 – Adler Group S.A. (“Adler Group”) procured binding commitments in the amount of c. €1.2bn for the refinancing of the 1L Notes issued by ADLER Financing S.à r.l., an orphan special purpose vehicle not related to Adler Group (“Financing SPV”), [ … ]
Thu, 28.11.2024
Adler Group S.A.
Adler Group’s rental business with strong performance in 9M 2024 – capital structure and equity position significantly improved following the successful recapitalization
Net rental income of €155m in the first half of 2024, 3% lower compared to the previous year due to portfolio disposals in 2023
Like-for-like rental growth of 4.1%, vacancy rat [ … ]
Wed, 27.11.2024
Adler Group S.A.
Karl Reinitzhuber to become new CEO of Adler Group
Thierry Beaudemoulin to step down at his own request at the end of the month – Jan Duken to become new COO – Further changes to Adler Group Board of Directors
Chairman Stefan Brendgen:
“Thierry Beaudemoulin has put Adler Group on solid ground and has now decided to pave the way for the next pha [ … ]
Mon, 04.11.2024
Adler Group S.A.
Adler Group S.A. announces the sale of its 62.78% stake in Brack Capital Properties N.V. to LEG Immobilien SE
Successful disposal of Adler’s 62.78% stake in BCP, ahead of expectations
The transaction generates €219.3m of net cash proceeds, therewith further stabilising the balance sheet and delivering on Adler’s renewed business plan
First close [ … ]
Mon, 30.09.2024
Adler Group S.A.
Adler Group S.A. publishes annual reports for 2022 and 2023 with unqualified audit opinions
Positive going concern following the comprehensive recapitalisation
CFO Thomas Echelmeyer to step down to open the perspective for a long-term succession
Thorsten Arsan to follow as new CFO and member of the Senior Management with immediate effect
Chairm [ … ]
Thu, 19.09.2024
Adler Group S.A.
Adler Group S.A. announces the completion of the comprehensive recapitalisation
Extension of maturities for orderly disposal of assets
Equity stabilised through conversion of most of the 2L Notes into Perpetual Notes
Additional liquidity provided in the form of new money and ability to retain disposal proceeds
Luxembourg, 19 September 2024 – Adl [ … ]
Thu, 19.09.2024
Adler Group S.A.
Adler Group S.A. announces the completion of the comprehensive recapitalisation
Extension of maturities for orderly disposal of assets
Equity stabilised through conversion of most of the 2L Notes into Perpetual Notes
Additional liquidity provided in the form of new money and ability to retain disposal proceeds
Luxembourg, 19 September 2024 – Adl [ … ]
Thu, 29.08.2024
Adler Group S.A.
Adler Group’s rental business continued to develop positively in 2024 while the recapitalisation is expected to be completed in September 2024
Net rental income of €103m in the first half of 2024, 4% lower compared to the previous year due to portfolio disposals in 2023
Like-for-like rental growth of 4.6%, vacancy rate at 1.8%, average residen [ … ]
Fri, 09.08.2024
Adler Group S.A.
Extraordinary General Meeting votes for Adler Group’s comprehensive recapitalisation
Approval of all resolutions
Major step towards stabilisation of the Group
Luxembourg, 9 August 2024 – The reconvened Extraordinary General Meeting (EGM) of Adler Group S.A. ("Adler Group") today approved the proposed amendments to the articles of association [ … ]
Tue, 18.06.2024
Adler Group S.A.
Bondholders clear the way for Adler Group’s comprehensive recapitalisation
AGPS BondCo PLC receives overwhelming support in consent solicitations
Major step towards stabilisation of the Group
Luxembourg, 18 June 2024 – Bondholders of Adler Group S.A. (“Adler Group” and together with its subsidiaries, the “Group”) have cleared the way for the Grou [ … ]