ADECOAGRO S.A. ANNOUNCES PROPOSED OFFERING OF SENIOR NOTES
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.
Adecoagro (NYSE:AGRO) ha annunciato l'intenzione di offrire obbligazioni senior non garantite tramite un collocamento privato riservato a investitori istituzionali qualificati. L'offerta sarà effettuata ai sensi della Regola 144A e del Regolamento S del Securities Act, con le obbligazioni garantite da alcune controllate della società.
I proventi saranno principalmente utilizzati per finanziare un'offerta di acquisto per le obbligazioni al 6,000% in scadenza nel 2027 già esistenti della società, mentre eventuali fondi residui saranno destinati a scopi aziendali generali, inclusi investimenti in capitale e gestione del debito. Il prezzo finale e i termini delle obbligazioni dipenderanno dalle condizioni di mercato.
Adecoagro (NYSE:AGRO) ha anunciado planes para ofrecer bonos senior no garantizados a través de una colocación privada dirigida a compradores institucionales calificados. La oferta se realizará bajo la Regla 144A y el Reglamento S de la Ley de Valores, con los bonos garantizados por ciertas subsidiarias de la compañía.
Los fondos se utilizarán principalmente para financiar una oferta de adquisición de los bonos al 6,000% con vencimiento en 2027 existentes de la empresa, destinando cualquier remanente a propósitos corporativos generales, incluyendo gastos de capital y gestión de pasivos. El precio final y los términos de los bonos dependerán de las condiciones del mercado.
Adecoagro (NYSE:AGRO)는 적격 기관 투자자를 대상으로 사모 방식으로 선순위 무담보 채권을 발행할 계획을 발표했습니다. 이번 발행은 증권법의 Rule 144A 및 Regulation S에 따라 진행되며, 일부 자회사들이 채권을 보증합니다.
조달된 자금은 주로 회사가 보유한 2027년 만기 6.000% 채권에 대한 공개 매수에 사용되며, 남은 자금은 자본 지출 및 부채 관리 등 일반 기업 목적에 할당될 예정입니다. 채권의 최종 가격과 조건은 시장 상황에 따라 결정됩니다.
Adecoagro (NYSE:AGRO) a annoncé son intention d’émettre des obligations senior non garanties via un placement privé destiné à des investisseurs institutionnels qualifiés. L’offre sera réalisée conformément à la règle 144A et au règlement S du Securities Act, avec des obligations garanties par certaines filiales de la société.
Les fonds seront principalement utilisés pour financer une offre publique de rachat des obligations à 6,000 % arrivant à échéance en 2027 existantes de la société, le solde étant affecté à des fins générales d’entreprise, y compris les dépenses en capital et la gestion des passifs. Le prix final et les modalités des obligations dépendront des conditions du marché.
Adecoagro (NYSE:AGRO) hat Pläne angekündigt, Senior Unsecured Notes im Rahmen einer Privatplatzierung an qualifizierte institutionelle Käufer anzubieten. Das Angebot erfolgt gemäß Rule 144A und Regulation S des Securities Act, wobei die Anleihen von bestimmten Tochtergesellschaften des Unternehmens garantiert werden.
Die Erlöse werden hauptsächlich zur Finanzierung eines Rückkaufangebots für die bestehenden 6,000% Notes mit Fälligkeit 2027 des Unternehmens verwendet, wobei verbleibende Mittel für allgemeine Unternehmenszwecke, einschließlich Investitionsausgaben und Schuldenmanagement, vorgesehen sind. Die endgültige Preisgestaltung und die Bedingungen der Notes hängen von den Marktbedingungen ab.
- 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
- Increased debt obligations through new notes issuance
- Potential impact on company's leverage and interest expenses
Insights
Adecoagro's refinancing initiative suggests proactive debt management, potentially lowering interest costs amid current market conditions.
Adecoagro is making a strategic debt management move by offering new senior unsecured notes to essentially refinance its existing
The fact that the company is conducting a tender offer for "any and all" of its 2027 notes signals a complete refinancing rather than just a partial adjustment to their debt structure. This comprehensive approach suggests management's confidence in securing better terms in the current debt market environment.
The company's decision to use qualified institutional buyers through Rule 144A and non-U.S. persons through Regulation S indicates a sophisticated approach to debt markets, targeting institutional investors rather than retail. This is typical for agricultural companies with significant capital requirements.
The mention of using proceeds for "capital expenditures" beyond the refinancing suggests Adecoagro may be preparing for growth initiatives or operational improvements, though specific projects aren't detailed. As an agricultural company with operations primarily in South America, capital expenditures could range from land acquisition to technology improvements in farming operations.
Investors should note that the timing and terms are "subject to market conditions," indicating some flexibility in the execution of this offering based on interest rate movements and investor appetite. The success of this refinancing will depend on the spread between their current
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
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: ir@adecoagro.com
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SOURCE Adecoagro S.A.
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