Adani Ports & Special Economic Zone redeems Notes aggregating USD 280.81 mn

On 25 July 2019

Adani Ports & Special Economic Zone announced the settlement of its previously announced tender offer to purchase for cash (the Tender Offer) any and all of its outstanding US$650,000,000 3.50% Senior Notes due 2020 (the Notes).

The Company hereby announces that payment of the Consideration plus Accrued Interest for all US$280,812,000 Notes validly tendered (and not validly withdrawn) and accepted for purchase by the Company has been made on 25 July 2019, New York time.

Pursuant to the settlement of the Tender Offer, US$280,812,000 in principal amount of the Notes were purchased and redeemed by the Company on 25 July 2019 and cancelled pursuant to the terms and conditions of the Notes. Following the cancellation, US$369,188,000 in principal amount of the Notes remain outstanding.

Powered by Capital Market - Live News