ADECOAGRO S.A. PRICES INTERNATIONAL 144A/REG S OFFERING OF ITS 7.500% SENIOR NOTES DUE 2032
Adecoagro (NYSE:AGRO) has announced the pricing of $500 million Senior Notes due 2032 with a 7.500% interest rate. The Notes will be issued at 100.00% of face value and will mature on July 29, 2032, backed by senior unsecured guarantees from certain company subsidiaries.
The private placement is being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. Settlement is expected on July 29, 2025. The proceeds will primarily fund a tender offer for the company's existing 6.000% Notes due 2027, with any remainder allocated to general corporate purposes, including capital expenditures and liability management.
Adecoagro (NYSE:AGRO) ha annunciato il prezzo di emissione di 500 milioni di dollari in Senior Notes con scadenza 2032 e un tasso di interesse del 7,500%. Le obbligazioni saranno emesse al 100,00% del valore nominale e scadranno il 29 luglio 2032, garantite da garanzie senior non garantite di alcune controllate della societ脿.
Il collocamento privato 猫 riservato a investitori istituzionali qualificati ai sensi della Rule 144A e a persone non statunitensi secondo il Regulation S. Il regolamento 猫 previsto per il 29 luglio 2025. I proventi saranno principalmente destinati a un'offerta di acquisto per le obbligazioni esistenti della societ脿 con tasso 6,000% in scadenza nel 2027, mentre l'eventuale residuo sar脿 utilizzato per scopi aziendali generali, inclusi investimenti in capitale e gestione del debito.
Adecoagro (NYSE:AGRO) ha anunciado la fijaci贸n del precio de Notas Senior por 500 millones de d贸lares con vencimiento en 2032 y una tasa de inter茅s del 7,500%. Las Notas se emitir谩n al 100,00% del valor nominal y vencer谩n el 29 de julio de 2032, respaldadas por garant铆as senior no aseguradas de ciertas subsidiarias de la empresa.
La colocaci贸n privada se ofrece a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo el Reglamento S. Se espera que el cierre sea el 29 de julio de 2025. Los ingresos se destinar谩n principalmente a una oferta de compra para las Notas existentes de la compa帽铆a con tasa del 6,000% y vencimiento en 2027, y cualquier remanente se asignar谩 a prop贸sitos corporativos generales, incluidos gastos de capital y gesti贸n de pasivos.
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Adecoagro (NYSE:AGRO) a annonc茅 la fixation du prix de 500 millions de dollars de Senior Notes arrivant 脿 茅ch茅ance en 2032 avec un taux d'int茅r锚t de 7,500%. Les Notes seront 茅mises 脿 100,00% de leur valeur nominale et arriveront 脿 茅ch茅ance le 29 juillet 2032, garanties par des s没ret茅s senior non garanties 茅mises par certaines filiales de la soci茅t茅.
Le placement priv茅 est offert aux acheteurs institutionnels qualifi茅s selon la r猫gle 144A et aux personnes non am茅ricaines selon le r猫glement S. La date de r猫glement est pr茅vue pour le 29 juillet 2025. Les fonds seront principalement utilis茅s pour financer une offre de rachat des Notes existantes 脿 6,000% arrivant 脿 茅ch茅ance en 2027, le solde 茅tant affect茅 脿 des usages g茅n茅raux de l鈥檈ntreprise, y compris les d茅penses d鈥檌nvestissement et la gestion des passifs.
Adecoagro (NYSE:AGRO) hat die Preisfestsetzung von 500 Millionen US-Dollar Senior Notes mit F盲lligkeit 2032 und einem Zinssatz von 7,500% bekannt gegeben. Die Notes werden zu 100,00% des Nennwerts ausgegeben und laufen am 29. Juli 2032 ab, abgesichert durch unbesicherte vorrangige Garantien bestimmter Tochtergesellschaften des Unternehmens.
Die Privatplatzierung wird qualifizierten institutionellen K盲ufern gem盲脽 Rule 144A und Nicht-US-Personen gem盲脽 Regulation S angeboten. Die Abwicklung ist f眉r den 29. Juli 2025 geplant. Die Erl枚se werden haupts盲chlich zur Finanzierung eines 脺bernahmeangebots f眉r die bestehenden 6,000% Notes des Unternehmens mit F盲lligkeit 2027 verwendet, der Rest wird f眉r allgemeine Unternehmenszwecke, einschlie脽lich Investitionsausgaben und Schuldenmanagement, eingesetzt.
- None.
- Higher interest rate of 7.500% compared to existing 6.000% Notes due 2027
- Increased debt service costs may impact future cash flows
Insights
Adecoagro's $500M debt refinancing at higher rates shows strategic liability management amid rising interest rate environment.
Adecoagro has priced a
The
The private placement structure to qualified institutional buyers through Rule 144A and to non-U.S. persons via Regulation S is standard for international offerings of this nature. This approach allows Adecoagro to access sophisticated institutional capital markets without the extensive disclosure requirements of publicly registered securities. The international aspect of this offering also diversifies the company's funding sources beyond regional markets.
For an agricultural company like Adecoagro with significant capital requirements for land, equipment and operational needs, maintaining appropriate liability management is crucial. This refinancing suggests the company is taking a forward-looking approach to its capital structure, potentially positioning itself for stability through agricultural market cycles, though at a higher carrying cost for its debt.
The net proceeds from the Notes offering will be used by the Company (i) to fund a tender offer conducted by the Company to purchase for cash any and all of its
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. The Notes and related guarantees have not been registered under the Securities Act, or any applicable state securities laws, and will be offered only to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act and outside
About Adecoagro
Adecoagro is a leading sustainable production company in
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are information of a non-historical nature or that relate to future events and are subject to risks and uncertainties. No assurance can be given that the transactions described in this press release will be consummated or as to the ultimate terms of any such transactions. Neither Adecoagro nor the guarantors undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.
For further information, please contact:
Victoria Cabello
IR Officer
Email: [email protected]听
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SOURCE Adecoagro S.A.
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