Adani Ports Concludes $450 Million Senior Notes Tender Offers
Adani Ports & SEZ has finalized its tender offers to repurchase up to $450 million in senior notes across three series. The company received additional valid tenders for the 4.00% Notes due 2027 ($700,000) and 4.375% Notes due 2029 ($950,000) after the early tender date, which will be accepted without proration. The final settlement is expected around August 18, 2025. Adani Ports had previously accepted $154,163,000 of the 4.00% Notes due 2027 and $105,215,000 of the 4.375% Notes due 2029. The company hints at potential future liability management exercises as part of its ongoing capital management strategy.

*this image is generated using AI for illustrative purposes only.
Adani Ports & SEZ has announced the final results of its tender offers to repurchase senior notes across three series, totaling up to $450 million. The tender offers, which expired on August 13, 2025, were part of the company's ongoing capital management strategy.
Tender Offer Details
The company sought to purchase:
- Up to $125 million of 4.20% Senior Notes due 2027
- Up to $200 million of 4.00% Senior Notes due 2027
- Up to $125 million of 4.375% Senior Notes due 2029
Late Tender Results
After the early tender date, Adani Ports received additional valid tenders for two of the note series:
Note Series | Amount Tendered |
---|---|
4.00% Notes due 2027 | $700,000 |
4.375% Notes due 2029 | $950,000 |
These late tenders will be accepted without proration, as they fall within the maximum acceptance amounts for each series.
Early Tender Outcome
For the 4.20% Notes due 2027, the aggregate principal amount tendered before the early deadline had already exceeded the maximum acceptance amount. Consequently, no additional notes from this series were accepted after the early tender date.
Settlement Details
The final settlement date for the accepted notes is expected to be around August 18, 2025. On this date, Adani Ports will pay the tender offer consideration to the holders of the accepted notes, along with accrued and unpaid interest up to, but excluding, the final settlement date.
Previous Acceptances
Prior to the late tender results, the company had already accepted:
- $154,163,000 of the 4.00% Notes due 2027
- $105,215,000 of the 4.375% Notes due 2029
Future Capital Management Plans
Adani Ports indicated that it might undertake further liability management exercises as part of its capital management plan. These potential exercises could result in a significant reduction of the outstanding amounts across different series of notes issued by the company, subject to market conditions.
Advisors
Cantor Fitzgerald & Co. and Jefferies Singapore Limited served as joint dealer managers for the tender offers, while Sodali and Co Ltd. acted as the information and tender agent.
The tender offers were conducted in compliance with applicable securities laws and regulations, with specific restrictions for certain jurisdictions including the United States, United Kingdom, European Economic Area, and Singapore.
Historical Stock Returns for Adani Ports & SEZ
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.82% | -1.92% | -7.91% | +24.17% | -9.74% | +279.09% |