Amaggi Accepts $257.5 Million of 5.250% Notes Due 2028 as Tender Offer Expires

Amaggi Luxembourg International S.à r.l. accepted $257.472 million of its 5.250% notes due 2028 in a cash tender offer capped at $300 million, the company said. The tendered amount was about 39.28% of the notes outstanding, and holders receive $990.00 per $1,000 principal. GlobeNewswire published the results on October 24, 2026.

How the Amaggi Tender Offer Closed

Amaggi Amaggi is a privately held Brazilian agribusiness that produces 1.2 million tonnes of soy, corn and cotton a year and trades 18 million tonnes of grains and fibers worldwide, according to company records.

The offer was made on the terms of an offer to purchase dated October 19, 2026. D.F. King & Co., Inc. served as information and tender agent, and Banco Bradesco BBI S.A. and Santander US Capital Markets LLC acted as dealer managers. Because tenders did not exceed the $300 million maximum, Amaggi accepted all notes validly tendered and not validly withdrawn, and no proration was required. Settlement is expected on or around October 27, 2026, the second business day after expiration, with accrued and unpaid interest paid up to but not including that date.

Amaggi's Debt-Funded Expansion

Amaggi acquired a 40% stake in FS, Brazil's second-largest corn ethanol producer, in July 2026, financed with additional debt that Moody's projects will push leverage to 4.5-5x EBITDA, according to akta.pro company records. The company's funding records show one round, a debt-funded raise of $702.4 million in June 2026. Amaggi's farms produce 1.2 million tonnes of soy, corn and cotton annually, and its commodities division trades 18 million tonnes per year.

Earlier Amaggi Funding Moves

Amaggi commenced the tender offer on October 19, 2026, seeking up to $300 million of the notes at $990 per $1,000 principal, GlobeNewswire reported. In June 2026, its agricultural subsidiary issued a first CPR-F, raising more than R$3.5 billion in a public offering backed by 1.9 million tons of soy and 852,000 tons of cotton, Agfeed reported. Moody's affirmed Amaggi's Ba3 corporate rating in July 2026 and changed the outlook to negative from stable, AInvest reported.

What Happens After the Amaggi Settlement

Amaggi expects to settle the offer on or around October 27, 2026. The company holds $37.558 million of the notes in aggregate principal amount, and $397.934 million will remain outstanding after the tender.