Investment10 Feb 2026, 06:01 am
Adani Ports Announces Cash Tender Offers for up to US$345,137,000 4.0% Senior Notes due 2027 and US$150,000,000 3.10% Senior Notes due 2031
AI Summary
Adani Ports and Special Economic Zone Limited has commenced tender offers to purchase for cash up to US$345,137,000 in aggregate principal amount of its outstanding 4.0% Senior Notes due 2027 and up to US$150,000,000 in aggregate principal amount of its outstanding 3.10% Senior Notes due 2031. The Tender Offers are being made as part of the Company’s continuing capital management programme and to further proactively optimize its liability structure.
Key Highlights
- Adani Ports has commenced tender offers for up to US$345,137,000 in aggregate principal amount of its outstanding 4.0% Senior Notes due 2027 and up to US$150,000,000 in aggregate principal amount of its outstanding 3.10% Senior Notes due 2031.
- The Tender Offers are being made as part of the Company’s continuing capital management programme and to further proactively optimize its liability structure.
- The Tender Offers will expire at 5:00 p.m., New York time, on March 11, 2026.
- Holders who validly tender and do not validly withdraw their Notes on or prior to the Withdrawal Deadline, and whose Notes are accepted for payment by the Company, will receive the Tender Offer Consideration and the Early Tender Premium.
- The Company intends to fund the Notes accepted for purchase in the Tender Offers from a mix of borrowed debt and its cash reserves.