Adani Ports accepts $199.5 million of notes in $495 million cash tender offer

Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the final results of its previously launched $495 million cash tender offers to repurchase portions of its US dollar-denominated senior notes due 2027 and 2031, as part of its capital management strategy.The tender offers targeted up to $345.137 million of 4.0% senior notes due 2027 and up to $150 million of 3.10% senior notes due 2031. The exercise allows the company to reduce a portion of its outstanding debt while managing its liabilities proactively.

Participation in tender offers
According to the company, additional valid tenders received after the early tender deadline and before the final expiration included $500,000 of the 4.0% notes due 2027 and $2.13 million of the 3.10% notes due 2031.
Combined with the securities tendered earlier, Adani Ports said it has accepted for purchase a total of $102.1 million of the 2027 notes and $97.5 million of the 2031 notes.This takes the total value of notes accepted under the tender offers to about $199.5 million.

APSEZ said it will accept all notes tendered after the early tender date and before the expiration date, with no proration factor applied.

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The final settlement for the accepted notes is expected to take place around March 16, 2026, subject to customary conditions.

Shares of Adani Ports and Special Economic Zone Ltd were trading at ₹1,407.80 on the NSE on Thursday, down 0.21% for the day, as of 02:25 PM.