Adani Ports and Special Economic Zone Limited has informed the Exchange regarding 'Press Release- Announces early results of Cash Tender Offer for its Senior Notes'.
ADANIPORTS · price
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Adani Ports has announced the early results of its cash tender offers to buy back two series of US dollar-denominated bonds. The company offered to purchase up to US$345.14 million of its 4.0% Senior Notes due 2027 and up to US$150 million of its 3.10% Senior Notes due 2031. As of the early tender deadline of February 24, 2026, holders had validly tendered US$101.58 million of the 2027 notes and US$95.36 million of the 2031 notes, totalling roughly US$196.9 million. Early settlement for accepted notes is expected on or about February 27, 2026, with the full offer expiring on March 11, 2026 unless extended. Cantor Fitzgerald and Jefferies Singapore are acting as joint dealer managers for the transaction.
This is a proactive liability management move that will trim Adani Ports' dollar debt stack and reduce future interest outflows, which is generally positive for the credit profile. The partial take-up (about 29% of the 2027 notes and 64% of the 2031 notes offered) leaves room for more buyback in the final phase; investors may watch for pricing terms and any signal of cost savings on the next earnings update.