ADECOAGRO S.A. ANNOUNCES PROPOSED OFFERING OF SENIOR NOTES

Rhea-AI Summary

Adecoagro (NYSE:AGRO) has announced plans to offer senior unsecured notes through a private placement to qualified institutional buyers. The offering will be conducted under Rule 144A and Regulation S of the Securities Act, with notes guaranteed by certain company subsidiaries.

The proceeds will be primarily used to fund a tender offer for the company's existing 6.000% Notes due 2027, with any remaining funds allocated to general corporate purposes, including capital expenditures and liability management. The final pricing and terms of the notes will depend on market conditions.

Positive

• Potential improvement in debt structure through refinancing of existing notes
• Strategic liability management initiative to optimize capital structure
• Additional funding for capital expenditures and corporate purposes

Negative

• Increased debt obligations through new notes issuance
• Potential impact on company's leverage and interest expenses

LUXEMBOURG, July 18, 2025 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) ("Adecoagro" or the "Company") today announced that it intends to offer senior unsecured notes (the "Notes") in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non U.S. persons in accordance with Regulation S under the Securities Act. The Notes are expected to be guaranteed on a senior unsecured basis by certain of the Company's subsidiaries.

The timing of pricing and terms of the Notes are subject to market conditions and other factors. The 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 6.000% Notes due 2027, and (ii) the remainder, if any, for general corporate purposes, including capital expenditures and liability management.

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 the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. Unless so registered, the Notes and related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and any applicable state securities laws.

About Adecoagro

Adecoagro is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland, and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity.

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: ir@adecoagro.com

 

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SOURCE Adecoagro S.A.

FAQ

What is the purpose of Adecoagro's (AGRO) new notes offering?

The offering will primarily fund a tender offer to purchase existing 6.000% Notes due 2027, with remaining proceeds used for general corporate purposes, capital expenditures, and liability management.

Who can participate in Adecoagro's (AGRO) notes offering?

The notes are offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

What are the terms of Adecoagro's (AGRO) new notes offering?

The specific pricing and terms of the notes have not been announced yet, as they will be subject to market conditions and other factors.

Are Adecoagro's (AGRO) new notes registered under the Securities Act?

No, the notes and related guarantees are not registered under the Securities Act or applicable state securities laws, and can only be offered through exemptions from registration requirements.

Which entities will guarantee Adecoagro's (AGRO) new notes?

The notes will be guaranteed on a senior unsecured basis by certain of Adecoagro's subsidiaries, though specific guarantors were not named in the announcement.