Adani Ports Launches $450 Million Cash Tender Offer to Optimise Debt Structure
By Shishta Dutta | Published at: Jul 16, 2025 10:02 AM IST
Ahmedabad, July 16, 2025 — Adani Ports and Special Economic Zone Ltd (NSE: ADANIPORTS, BSE: 532921) has announced a major capital management initiative. The company has launched a cash tender offer to repurchase up to $450 million in total principal. This buyback involves 3 of its outstanding USD-denominated senior notes. The move is aimed at simplifying its liability structure. It also seeks to reduce overall debt servicing costs.
Tender Offer Details
Adani Ports will repurchase the following notes from existing holders:
| Security | Outstanding Principal | Maximum Acceptance Amount | Coupon | Maturity |
|---|---|---|---|---|
| 4.20% Senior Notes | $750 million | $125 million | 4.20% | Aug 2027 |
| 4.00% Senior Notes | $500 million | $200 million | 4.00% | Jul 2027 |
| 4.375% Senior Notes | $750 million | $125 million | 4.375% | Jul 2029 |
The offers are valid until 5:00 p.m. (New York time) on August 13, 2025, with an early tender deadline set for July 29, 2025, offering incentives for early participation.
Consideration & Premiums
Holders tendering by the early deadline will receive both the Early Tender Premium and Tender Offer Consideration, as shown below:
| Security | Early Tender Premium | Early Tender Offer Consideration | Tender Offer Consideration |
|---|---|---|---|
| 4.20% Notes | $3 per $1,000 | $970 per $1,000 | $967 per $1,000 |
| 4.00% Notes | $3 per $1,000 | $970 per $1,000 | $967 per $1,000 |
| 4.375% Notes | $4 per $1,000 | $947.5 per $1,000 | $943.5 per $1,000 |
Accepted holders will also be paid accrued interest up to but not including the settlement date.
Key Timelines
- Early Tender Deadline: July 29, 2025
- Early Settlement Date: Expected August 1, 2025
- Final Settlement Date: Expected August 18, 2025
- Expiration Date: August 13, 2025
Adani Ports reserves the right to modify or terminate the offers and may choose to increase or decrease the acceptance amounts without extending the withdrawal deadline.
Strategic Intent
The company said this buyback is part of its broader plan to actively manage its finances and bring down existing debt. It plans to fund the repurchase using a mix of its available cash reserves and fresh borrowings.
Adani Ports Stock Performance
As of 9:22 AM IST, Adani Ports shares are trading at ₹1,454, representing a 0.63% gain on July 16, 2025. Adani Ports shares have declined 2.99% over the last year. But it has surged 19.32% year-to-date, and increased 3.83% in the previous month.
About Adani Ports
Adani Ports and Special Economic Zone Ltd, listed on NSE and BSE. It is India’s largest integrated ports and logistics company. It operates a string of strategically located ports and terminals along the Indian coastline. It supports the country’s trade and industrial growth. The company has consistently maintained a robust financial position. Thereby, playing a pivotal role in the Adani Group’s infrastructure portfolio.
REF: https://nsearchives.nseindia.com/corporate/PLASTIBLEN_15072025153326_SEcoveringletterfull.pdf
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