Global law firm White & Case LLP has advised Adler Group S.A. on the approximately €700 million refinancing of the 1.5L bonds issued by ADLER Financing S.à r.l. (Financing SPV), a special purpose vehicle not affiliated with Adler Group, and a corresponding interest rate adjustment between Adler Group and Financing SPV.
The refinancing is subject to the successful completion of the 1L refinancing announced on December 20, 2024 and the consent of the noteholders of the 2L bonds issued by Titanium 2L BondCo S.à r.l., a special purpose vehicle not affiliated with Adler Group. Provided the required consent is granted, the refinancing is expected to be completed in mid-February 2025.
The White & Case team which advised on the transaction was led by partners Gernot Wagner, Andreas Lischka and Yannick Adler (all Frankfurt) and included partners Roger Kiem and Bodo Bender (both Frankfurt), local partners Markus Fischer, Timo Lockemann (both Frankfurt) and Tobias Zündorf (Hamburg) and associates Angela Fleck, Lina Fiedler, Elias Schäfer (all Frankfurt).
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