Adler Pelzer’s Bondholders Sign NDAs as Debt Talks Step Up

Some Adler Pelzer Holding GmbH bondholders have signed non-disclosure agreements, a sign that talks between the auto parts maker and its creditors over a potential debt refinancing have stepped up.

Investors who signed the NDAs have gained access to confidential information and are barred from buying and selling notes, said people familiar with the matter who spoke on the condition of anonymity.

The company and its adviser Barclays Plc are discussing options to address debt maturities that include €400 million ($464 million) of bonds maturing in May 2027, an equally-ranked €68 million term loan due the same year and a ...