Adler Modemärkte AG is driving forward the strategic development of the company in order to emerge from the current Covid 19 crisis stronger than before. In this context, ADLER has secured additional financial leeway to stabilise business operations and to provide additional financing for ADLER Group with financing commitments of €69 million. The underlying syndicated loan has been granted on the basis of a joint guarantee by the state governments of Bavaria and North Rhine-Westphalia, to be disbursed to Adler Modemärkte AG by its core lenders at standard market terms for a term of six years. As a result of the guarantee commitment available as of the loan agreement already concluded as part of interim financing can now be fully utilised. Financing should help to emerge stronger from the crisis It has become necessary for ADLER to raise additional funds, because the closure of all of its 171 stores in Germany, Austria, Luxembourg and Switzerland on official orders aimed at containing the continuing spread of COVID-19 has resulted in significant losses of revenue. Building on its unique positioning as the market leader in the target group of affluent customers aged 55 and over, ADLER will use the extensive financial resources to initiate additional strategic measures to return to its targeted profitable growth path as quickly as possible. In this context, the management team has already begun to draw up initial conceptual approaches to realign all structures and processes above and beyond ADLER's "Strategy 2023" initiative and across every link in the value chain so that it is prepared for the post-crisis era. ADLER believes that there is significant additional potential, e.g., through the continued optimisation of working capital management, a reduction of risks within the business model, continuing efforts to optimise stores and expanding online activities even further than previously.