Adler Group's €700 million Refinancing Supported by White & Case
Deal News | Jan 27, 2025 | White & Case
Global law firm White & Case LLP has advised Adler Group S.A. on a significant €700 million refinancing deal involving 1.5L bonds issued by ADLER Financing S.r.l., a non-affiliated special purpose vehicle. The refinancing plans hinge on the successful 1L refinancing due by December 20, 2024, alongside the consent of noteholders for 2L bonds managed by another SPV, Titanium 2L BondCo S.r.l. Successful completion is anticipated in mid-February 2025. The operation was led by a team of White & Case partners based in Frankfurt and Hamburg, evidencing the international firm's adeptness in handling complex financial transactions.
Sectors
- Financial Services
- Legal Services
Geography
- Germany – The legal advisory team from White & Case involved in this transaction is primarily based in Frankfurt, Germany.
- Luxembourg – Adler Group S.A., the company undergoing refinancing, is based in Luxembourg.
Industry
- Financial Services – The refinancing deal involves financial instruments such as bonds and complex financial structuring, falling under the Financial Services industry.
- Legal Services – White & Case, a law firm, is providing advisory services for the refinancing transaction, making Legal Services relevant.
Financials
- €700 million – The total amount involved in the refinancing deal for Adler Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adler Group S.A. | Target Company | Company | The company undergoing the €700 million refinancing. |
| White & Case LLP | Legal Advisor | Company | The global law firm advising Adler Group on the refinancing. |
| ADLER Financing S. r.l. | Financing SPV | Company | The special purpose vehicle issuing 1.5L bonds, not affiliated with Adler Group. |
| Titanium 2L BondCo S. r.l. | Financing SPV | Company | The special purpose vehicle managing 2L bonds, requiring consent for refinancing. |