LUXEMBOURG, Sept. 15, 2017 /PRNewswire/ -- Adecoagro
S.A. (NYSE: AGRO) ("Adecoagro" or the "Company") today announced
the pricing of U.S.$500,000,000
aggregate principal amount of 6.000% Senior Notes due 2027 to be
issued by the Company (the "Notes"). The Notes will be issued at a
price of 100.000%. The Notes mature on September 21, 2027 and will be guaranteed on a
senior unsecured basis by certain of the Company's subsidiaries.
The Notes were offered in a private placement to qualified
institutional buyers in accordance with Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and
outside the United States to
non-U.S. persons in accordance with Regulation S under the
Securities Act. The settlement of the Notes offering is expected to
take place on September 21, 2017,
subject to customary closing conditions.
The net proceeds from the Notes offering will be used by the
Company to repay existing debt and for general corporate
purposes.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the Notes, nor will there be any
sale of the Notes, 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 the United
States to non-U.S. persons in accordance with Regulation S
under the Securities Act. Unless so registered, the Notes and
related guarantees may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act
and any applicable state securities laws.
Any offer or sale of Notes in any Member State of the
European Economic Area which has implemented Directive 2003/71/EC
(as amended, the "Prospectus Directive") must be addressed to
"Qualified Investors" (as defined in the Prospectus Directive)
only.
About Adecoagro
Adecoagro is a leading agricultural company in South America. As of June 30, 2017, Adecoagro owned over 246 thousand
hectares of farmland and several industrial facilities spread
across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 1.9 million
tons of agricultural products including corn, wheat, soybeans,
rice, dairy products, sugar, ethanol and electricity, among
others.
Forward Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
are, or may be deemed to be, forward-looking statements. In some
cases, forward-looking statements can be identified by the use of
forward-looking terms such as "anticipate," "estimate," "believe,"
"continue," "could," "intend," "may," "plan," "potential,"
"predict," "should," "will," "expect," "objective," "projection,"
"forecast," "goal," "guidance," "outlook," "effort," "target" or
the negative of these terms or other comparable terms. However, the
absence of these words does not mean that the statements are not
forward-looking.
These forward-looking statements are based on certain
assumptions and analyses made by us in light of our experience and
our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe
are appropriate in the circumstances. These forward-looking
statements are subject to known and unknown risks, uncertainties
and assumptions that may cause actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. Factors
that might cause or contribute to a material difference include,
but are not limited to, those discussed in our filings with the SEC
and the following:(i) the company's business prospects and future
results of operations; (ii) weather and other natural phenomena;
(iii) developments in, or changes to, the laws, regulations and
governmental policies governing the company's business, including
limitations on ownership of farmland by foreign entities in certain
jurisdictions in which the company operates, environmental laws and
regulations; (iv) the implementation of the company's business
strategy; (v) the company's plans relating to acquisitions, joint
ventures, strategic alliances or divestitures; (vi) the
implementation of the company's financing strategy and capital
expenditure plan; (vii) the maintenance of the company's
relationships with customers; (viii) the competitive nature of the
industries in which the company operates; (ix) the cost and
availability of financing; (x) future demand for the commodities
the company produces; (xi) international prices for commodities;
(xii) the condition of the company's land holdings; (xiii) the
development of the logistics and infrastructure for transportation
of the company's products in the countries where it operates; (xiv)
the performance of the South American and world economies; and (xv)
the relative value of the Brazilian Real, the Argentine Peso, and
the Uruguayan Peso compared to other currencies; as well as other
risks included in the company's filings and submissions with the
SEC.
All forward-looking statements set forth in this press release
are qualified by these cautionary statements and there can be no
assurance that the actual results or developments anticipated by us
will be realized or, even if substantially realized, that they will
have the expected consequences to or effects on us or our business
or operations. Forward-looking statements set forth in this press
release speak only as of the date hereof and we do not undertake
any obligation to update forward-looking statements to reflect
subsequent events or circumstances, changes in expectations or the
occurrence of unanticipated events.
Investor Relations Contact
Hernan Walker
ir@adecoagro.com
T: +5411 4836 8651
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SOURCE Adecoagro S.A.