#Tender Offer #Luxembourg #Luxembourg City #2027 Notes #Adecoagro

Adecoagro S.A. Concludes Cash Tender Offer for 2027 Notes

On July 24, 2025, Adecoagro S.A. (NYSE: AGRO) officially announced the expiration and results of its cash tender offer related to the esteemed 6.000% Notes due in 2027. The offer aimed to repurchase any and all outstanding notes from investors and has been met with noteworthy interest.

Key Details of the Tender Offer

The tender offer was set forth in the documents published earlier, with a clear deadline established for investors to tender their securities. As of the designated expiration time, approximately 36.31%, equating to $150,927,000 of a total of $415,644,000 principal amount of the notes, was validly tendered, marking a significant commitment from bondholders.

The tender offer was conducted under specific terms and conditions as outlined in the Offer to Purchase dated July 18, 2025. Particularly noteworthy is that the Tender Offer did not yield any notes through the guaranteed delivery procedures.

Acceptance and Payment Structure

All notes tendered and accepted before the expiration date will be compensated at a total consideration of $1,000.00 per $1,000.00 of principal amount. Furthermore, eligible investors will also receive accrued interest, which has been calculated up until the settlement date. This date is set for July 29, 2025, which falls within three business days of the expiration date.

Committed Support from Affiliate Companies

The notes in question are fully guaranteed by several subsidiaries, including Adeco Agropecuaria S.A. and Adecoagro Brasil Participações S.A. This commitment not only strengthens the offer but also provides reassurance to investors regarding the reliability of their investments with Adecoagro.

Proceeds Utilization and Further Actions

Adecoagro plans to utilize the proceeds from a new note offering, expected shortly, to facilitate the repurchase of the tendered notes and associated costs accordingly. The company holds the discretion to engage in additional repurchases for any remaining outstanding notes through various methods, including market purchases or private transactions.

Engaging Professionals for Seamless Execution

In order to successfully manage the tender offer, Adecoagro partnered with several reputable financial institutions, including Itau BBA USA Securities, J.P. Morgan Securities, and Morgan Stanley Co. LLC, which acted as dealer managers. Such collaborations ensure professional handling of the tender offer process and investor relations.

Looking Ahead: Adecoagro's Market Position

As a leader in sustainable production, Adecoagro oversees 210,400 hectares of farmland across Argentina, Brazil, and Uruguay, generating millions of tons of agricultural products and renewable energy. The positive reception of the tender offer may bolster the company's financial standing and allow for continued investment in sustainable agricultural practices, showcasing its dedication to environmental responsibility.

In summary, Adecoagro's recent tender offer highlights its proactive approach in managing its financial instruments, ensuring shareholder confidence while pursuing growth in its market.