ADLER Group’s €500 Million Notes Offering

White & Case LLP has advised ADLER Group S.A. on the offering.

ADLER Group S.A. executed the placement of €500 million fixed rate senior unsecured notes with a six-year maturity and a 2.25% fixed coupon under its newly established EMTN programme.

The notes were placed with institutional investors across Europe, have a denomination of €100,000 each and will be listed on the Euro MTF of the Luxembourg Stock Exchange. Barclays, Deutsche Bank and J.P. Morgan acted as Joint Bookrunners. The proceeds will be used to call and repay a high yield bond issued by Consus Real Estate AG. The refinancing will also realise annualised financial synergies.

ADLER Group S.A. is a real estate investment company. The Company owns a portfolio of commercial and residential properties. 

The White & Case team in Frankfurt which advised ADLER on the transaction was led by Gernot Wagner (Picture) and included partners Karsten Wöckener, Rebecca Emory, Thilo Diehl and Bodo Bender, local partner Cristina Freudenberger and associates Robert Nachama, Florian Fraunhofer and Julia Szinovatz.

Involved fees earner: Bodo Bender – White & Case; Thilo Diehl – White & Case; Rebecca Emory – White & Case; Florian Fraunhofer – White & Case; Cristina Freudenberger – White & Case; Robert Nachama – White & Case; Gernot Wagner – White & Case; Karsten Wöckener – White & Case;

Law Firms: White & Case;

Clients: Adler Group;

Author: Federica Tiefenthaler

ADLER Group’s €500 Million Notes Offering

White & Case LLP has advised ADLER Group S.A. on the offering.

ADLER Group S.A. executed the placement of €500 million fixed rate senior unsecured notes with a six-year maturity and a 2.25% fixed coupon under its newly established EMTN programme.

The notes were placed with institutional investors across Europe, have a denomination of €100,000 each and will be listed on the Euro MTF of the Luxembourg Stock Exchange. Barclays, Deutsche Bank and J.P. Morgan acted as Joint Bookrunners. The proceeds will be used to call and repay a high yield bond issued by Consus Real Estate AG. The refinancing will also realise annualised financial synergies.

ADLER Group S.A. is a real estate investment company. The Company owns a portfolio of commercial and residential properties. 

The White & Case team in Frankfurt which advised ADLER on the transaction was led by Gernot Wagner (Picture) and included partners Karsten Wöckener, Rebecca Emory, Thilo Diehl and Bodo Bender, local partner Cristina Freudenberger and associates Robert Nachama, Florian Fraunhofer and Julia Szinovatz.

Involved fees earner: Bodo Bender – White & Case; Thilo Diehl – White & Case; Rebecca Emory – White & Case; Florian Fraunhofer – White & Case; Cristina Freudenberger – White & Case; Robert Nachama – White & Case; Gernot Wagner – White & Case; Karsten Wöckener – White & Case;

Law Firms: White & Case;

Clients: Adler Group;

Author: Federica Tiefenthaler