ADLER Group S.A. Launches Restructuring Plan with Practice Statement Letter

ADLER Group S.A. has initiated a comprehensive financial restructuring plan. A steering committee of bondholders signed a lock-up agreement on 24 May 2024. AGPS BondCo PLC (the “Plan Company”) issued a practice statement letter today as part of this restructuring effort. The letter, in accordance with Part 26A of the Companies Act 2006, aims to facilitate the restructuring and is addressed to holders of several series of senior secured notes.

The senior secured notes in question include EUR 400 million due in August 2025, EUR 700 million due in January 2026, EUR 400 million due in November 2026, EUR 500 million due in April 2027, and EUR 800 million due in January 2029. Kroll Issuer Services Limited has established a Plan Portal to aid creditors in accessing the practice statement letter and additional documents relevant to the restructuring.

Kroll Issuer Services Limited serves as the Information Agent for the restructuring process. Creditors who need further information are directed to contact Kroll Issuer Services Limited via email or through the Plan Portal.