Adecoagro (AGRO) said Friday it plans to offer senior unsecured notes in a private placement, proceeds from which will be used to fund a cash tender offer for any and all of its 6% notes due 2027.
The company said it will use any remaining proceeds for general corporate purposes, including capital expenditures and liability management.
In a separate statement, the company said it has started the a tender offer for about $415.6 million of 6% notes due 2027.
The tender offer is set to expire on on July 24, unless extended or earlier terminated, the company said.
Adecoagro shares were 1.6% higher in recent trading.
Price: 9.67, Change: +0.12, Percent Change: +1.27
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