Adani Ports completes $199.5 million tender offer
pre-market1 source ↓written by the desknot a recommendation
- repurchase
- $199.5 million
- cash tender offer
- $495 million
- of 4.0 notes
- $102.1 million
- of 3.10 notes
- $97.5 million
Adani Ports and Special Economic Zone Ltd has successfully completed a $199.5 million repurchase of its senior notes as part of a $495 million cash tender offer. The company accepted $102.1 million of 4.0% notes due 2027 and $97.5 million of 3.10% notes due 2031, aiding its capital management strategy. This move reduces outstanding debt and proactively manages liabilities.
Not investment advice. For informational purposes only.