Adani Ports completes $495M cash tender offer for senior notes
after close1 source ↓written by the desknot a recommendation
- totaling
- $495 million
- of 4.0 notes
- $345.137 million
- of 3.10 notes
- $150 million
Adani Ports and Special Economic Zone Limited has finalized its cash tender offers to repurchase portions of its senior notes due in 2027 and 2031, totaling $495 million. The company aimed to buy back $345.137 million of 4.0% notes due 2027 and $150 million of 3.10% notes due 2031 as part of its capital management strategy. Strong participation was noted, with additional tenders received after the early deadline, enhancing liquidity and potentially improving credit metrics.
Not investment advice. For informational purposes only.