Adecoagro S.A. Launches Tender Offer to Enhance Debt Management Strategies

Adecoagro S.A. Initiates Tender Offer to Optimize Debt Management

Adecoagro S.A. announces a cash tender offer for its outstanding 6.000% Notes due 2027, amounting to $415,644,000, as part of its strategic financial planning. The company aims to streamline its debt and effectively manage financial obligations through this initiative. The tender offer, which guarantees the Notes with support from subsidiaries such as Adeco Agropecuaria S.A. and Usina Monte Alegre Ltda., sets the total consideration at $1,000.00 per $1,000 principal amount, along with accrued interest. The offer is scheduled to expire on July 24, 2025, at 5:00 p.m. New York City time, unless extended or terminated.

To participate in the tender offer, holders must validly tender their Notes or submit a Notice of Guaranteed Delivery before the expiration date. After the expiration, tendered Notes can be withdrawn until the Withdrawal Deadline on the same date. Adecoagro provides flexibility for holders, allowing them to withdraw their validly tendered Notes any time prior to the expiration, but not afterward, ensuring that participants are aware of their options. The accrued interest will be calculated from the last interest payment date preceding the settlement date, further incentivizing participation.

This move reflects Adecoagro's commitment to maintaining a robust financial position in the competitive agricultural sector. The company leverages its substantial farmland resources across Argentina, Brazil, and Uruguay to produce over 2.8 million tons of agricultural products and generate more than 1 million MWh of renewable electricity. By managing its debt efficiently, Adecoagro not only improves its financial health but also positions itself for sustainable growth in the future.

In parallel, Adecoagro announces plans to offer senior unsecured notes in a private placement aimed at qualified institutional buyers. This offering, compliant with Rule 144A and Regulation S under the Securities Act of 1933, will be guaranteed on a senior unsecured basis by certain subsidiaries. The proceeds from this offering will primarily fund the cash tender offer while any remaining funds will be allocated for general corporate purposes, including capital expenditures and liability management.

As Adecoagro navigates these financial maneuvers, the company remains focused on its core mission of sustainable production, managing 210.4 thousand hectares of farmland and striving for operational efficiency in the agricultural sector.