Ahmedabad, February 25, 2026 – Adani Ports and Special Economic Zone Ltd (BSE: 532921 | NSE: ADANIPORTS) has announced the early results of its previously declared cash tender offers to repurchase up to $495.14 million worth of outstanding senior notes, as part of its ongoing liability management exercise.
The company is seeking to buy back:
- Up to $345.137 million of its 4.00% Senior Notes due 2027
- Up to $150 million of its 3.10% Senior Notes due 2031
Early Tender Results Snapshot
As of the Early Tender Date on February 24, 2026, valid tenders received stood at:| Security Description | Aggregate Principal Amount Tendered | Maximum Acceptance Amount |
|---|---|---|
| 4.00% Senior Notes due 2027 | $101.584 million | $345.137 million |
| 3.10% Senior Notes due 2031 | $95.360 million | $150.000 million |
Settlement Timeline and Consideration
The early settlement date for notes accepted under the early tender window is expected on or around February 27, 2026. Eligible holders will receive the applicable early tender consideration along with accrued and unpaid interest up to, but excluding, the settlement date.The tender offers remain open until March 11, 2026, unless extended or amended by the company.
Strategic Context
This move reflects Adani Ports’ proactive capital structure management amid evolving global interest rate conditions. By selectively repurchasing outstanding dollar-denominated notes, the company aims to optimize its debt maturity profile and strengthen balance sheet efficiency.The 2027 notes carry a coupon of 4.00%, while the 2031 notes bear a 3.10% coupon. Both issuances were placed in international markets and form part of the company’s offshore debt program.
Advisory and Execution Framework
Cantor Fitzgerald & Co. and Jefferies Singapore Limited are acting as joint dealer managers for the transaction. Sodali & Co Ltd has been appointed as the information and tender agent.About Adani Ports and Special Economic Zone Ltd
Adani Ports and Special Economic Zone Ltd is India’s largest commercial port operator, with a diversified portfolio spanning cargo handling, logistics, and port infrastructure across domestic and international locations. Listed on both BSE and NSE, the company forms a key part of the Adani Group’s integrated infrastructure platform and plays a strategic role in India’s trade ecosystem.The company continues to focus on disciplined capital allocation, operational efficiency, and long-term value creation for stakeholders.
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