Adani Ports Finalizes $495M Cash Tender Offer for 2027 and 2031 Senior Notes
Mmbai: Adani Ports and Special Economic Zone Limited (APSEZ) has announced the final results of its previously launched cash tender offers to repurchase portions of its outstanding senior notes due in 2027 and 2031. The announcement was made on March 12, 2026, through regulatory filings submitted to BSE Limited and the National Stock Exchange of India Limited.
The tender offers aimed to buy back up to $345.137 million of 4.0% senior notes due 2027 and $150 million of 3.10% senior notes due 2031, as part of the company’s broader capital management strategy.
Strong Participation in Tender Offers
According to the company, additional valid tenders received after the early tender deadline and before the final expiration included:
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$500,000 of the 4.0% Notes due 2027
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$2.13 million of the 3.10% Notes due 2031
These amounts came on top of earlier tenders received before the early tender deadline:
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$101.584 million of the 2027 notes
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$95.36 million of the 2031 notes
APSEZ confirmed that all notes tendered after the early tender date and before the expiration date will be accepted, with no proration factor applied.
Timeline and Settlement Details
The early tender deadline expired at 5:00 p.m. New York time on February 24, 2026, while the final expiration date occurred at 5:00 p.m. New York time on March 11, 2026.
The company expects the final settlement date to occur on or around March 16, 2026. On that date, holders whose notes were accepted will receive:
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The tender offer consideration, and
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Accrued and unpaid interest up to, but excluding, the settlement date.
Strategic Debt Management
The tender offers form part of APSEZ’s liability management and capital optimization plan. The company indicated it may pursue additional similar exercises in the future depending on market conditions, potentially reducing outstanding debt across different bond series.
To manage the transaction, APSEZ appointed Cantor Fitzgerald & Co. and Jefferies Singapore Limited as joint dealer managers. Meanwhile, Sodali & Co Ltd. served as the information and tender agent for the process.
Regulatory Filing
The disclosure was formally communicated by Kamlesh Bhagia, Company Secretary of APSEZ, and shared with exchanges and international trading platforms including Singapore Exchange Limited.
APSEZ emphasized that the announcement is for informational purposes only and does not constitute an offer to buy or sell securities in jurisdictions where such actions would be unlawful.
About Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone Limited is India’s largest private port operator and an integrated logistics company. The company manages a network of ports and terminals across India and continues to expand its global maritime and logistics footprint.