Adani Ports and Special Economic Zone Limited has announced the settlement of its previously announced tender offer to purchase for cash any and all of its outstanding US$500,000,000 3.95% Senior Notes due 2022.
The Company has also announces that payment of the Consideration plus Accrued Interest for all US$319,574,000 Notes validly tendered prior to the expiration date and time and accepted for purchase by the Company has been made on 3 February 2021.
"Pursuant to the settlement of the Tender Offer, US$319,574,000 in principal amount of the Notes were purchased and redeemed by the Company on 3 February 2021 and cancelled pursuant to the terms and conditions of the Notes.
Following the cancellation, US$180,426,000 in principal amount of the Notes remain outstanding. The Tender Offer was made pursuant to the Tender Offer Memorandum dated 26 January 2021, which is available on the tender website," the company added in its release.