![]() In return for the commitment provided by the noteholders, under the Amended Commitment Letters, all noteholders participating in the New Money Funding will be entitled to an original issue discount fee of 1%, an early bird fee of 1% and a ticking fee of 5% p.a. Parties wishing to participate in the New Money Funding are therefore advised to contact the Steercos financial adviser using the details below as soon as possible.Ī form of such Commitment Letter, together with further instructions in relation to delivery of evidence of such holders SUNs holdings and other required supporting documentation, is available on demand by contacting the SteerCos financial adviser. (London time) on 31 March 2023 and the completion of certain other steps. Participation in the New Money Funding requires delivery of a Commitment Letter to the SteerCos financial adviser (Houlihan Lokey) prior to 5:00 p.m. ![]() ![]() The deadline for participation is 31 March 2023 (to the extent the relevant noteholders comply with certain regulatory and other eligibility requirements for participation in the New Money Funding). The New Money Funding continues to be backstopped by the Steering committee of SUN Holders (the SteerCo) and certain other SUN holders. The Amended Commitment Letters allow additional holders of the SUNs which are qualified investors under applicable regulations to commit financing to Adler Group and certain of its subsidiaries, and become lenders under the New Money Funding. In addition, Adler Group has agreed to issue new shares which will be transferred to the participating noteholders in the New Money Funding around closing of the New Money Funding. The Amended Commitment Letters and the Amended Lock-up Agreement will also provide Adler Group additional time to find an auditor to prepare its relevant audited consolidated financial statements. Adler Group has also extended the availability of the so-called Plan B Fee, which provides that locked-up noteholders of the SUNs will receive a 25 bps transaction fee on their respective locked-up SUNs. ![]() ( Adler Group) and its subsidiaries ADLER Real Estate Aktiengesellschaft, Consus Real Estate AG and AGPS BondCo PLC have amended, with the support of a significant majority of the locked-up holders of the AGPS BondCo PLCs senior unsecured notes (the SUNs), the lock-up agreement (in its amended form, the Amended Lock-up Agreement) and the new money commitment letters (in their amended form, the Amended Commitment Letters), each of which were originally entered into on or around 25 November 2022.įollowing its announcement on 25 November 2022, Adler Group has reopened and again invited all holders of the SUNs to participate in the committed new money funding (the New Money Funding). Luxembourg, 19 February 2023 Today Adler Group S.A. ![]()
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