Adler Group is negotiating with bondholders

Dusseldorf, Frankfurt According to financial circles, the highly indebted real estate group Adler Group wants to raise several hundred million euros in fresh debt from its bondholders in order to gain more time for the planned portfolio sales and its restructuring.

In view of the rise in interest rates, there are currently hardly any transactions taking place on the real estate market, and Adler has not yet been able to implement its sales program. In order to be able to service its debts due this year and next, the group wants to use the new debt to get some air, as several people familiar with the transaction said.

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The Adler Group announced on Friday via an ad hoc release that it was in advanced talks with its bondholders. On the one hand, the aim is to reach an agreement that the conditions of the bonds issued by the Adler Group will be adjusted.