Thu 05/11/2023 09:56 AM
Relevant Documents:Preliminary OM
Covenant Analysis
German auto-parts supplier
Adler Pelzer is marketing €350 million senior secured notes due 2027 (“2027s”). Proceeds of the new notes, together with the proceeds from a €120 million subordinated shareholder loan and cash on balance sheet, will be used to redeem the outstanding €425 million existing senior secured notes due 2024 (“2024s”) and to repay €40 million super senior term loan and €10.6 million outstanding under the UniCredit...
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