Cosan Luxembourg Launches $900M Tender Offer for Notes

TL;DR

Cosan Luxembourg is buying back up to $900M in notes, starting Jan 31, 2025.

AI Summary

Cosan Luxembourg S.A., a subsidiary of Cosan S.A., announced the commencement of cash tender offers on January 31, 2025, for its outstanding notes. The offers aim to purchase up to a combined aggregate principal amount of U.S.$900,000,000, with a specific cap of U.S.$370,000,000 for certain outstanding U.S. dollar notes.

Why It Matters

This tender offer indicates Cosan Luxembourg's strategy to manage its debt obligations, potentially by refinancing or reducing its outstanding debt, which could impact its financial leverage and future borrowing costs.

Risk Assessment

Risk Level: medium — Tender offers can signal financial strain or a strategic debt management move, requiring investors to assess the company's liquidity and debt structure.

Key Numbers

• U.S.$900,000,000 — Total Tender Offer Amount (Maximum combined principal amount Cosan Luxembourg aims to purchase.)
• U.S.$370,000,000 — Specific Note Cap (Maximum principal amount for a particular series of notes within the tender offer.)

Key Players & Entities

• Cosan Luxembourg S.A. (company) — Subsidiary launching tender offers
• Cosan S.A. (company) — Parent company
• U.S.$900,000,000 (dollar_amount) — Combined aggregate principal amount for tender offers
• U.S.$370,000,000 (dollar_amount) — Cap for specific outstanding U.S. dollar notes
• January 31, 2025 (date) — Commencement date of tender offers

FAQ

Key Financial Figures

• $900,000,000 — ENT OF CASH TENDER OFFERS OF UP TO U.S.$900,000,000 COMBINED AGGREGATE PRINCIPAL AMOUNT OF
• $370,000,000 — JECT TO THE APPLICABLE CAPS: Up to U.S.$370,000,000 Aggregate Principal Amount of the Outst
• $740,750,000 — incipal Amount of the Outstanding U.S.$740,750,000 Aggregate Principal Amount of 5.500% Se
• $330,000,000 — Nos. 22113A AB1/ G25343 AB3) Up to U.S.$330,000,000 Aggregate Principal Amount of the Outst
• $550,000,000 — incipal Amount of the Outstanding U.S.$550,000,000 Aggregate Principal Amount of 7.500% Se
• $200,000,000 — 22112E AD0/L20041 AF3) and Up to U.S.$200,000,000 Aggregate Principal Amount of the Outst
• $600,000,000 — incipal Amount of the Outstanding U.S.$600,000,000 Aggregate Principal Amount of 7.250% Se
• $911.25 — U.S.$740,750,000 U.S.$370,000,000 U.S.$911.25 U.S.$ 50.00 U.S.$961.25 7.500% Seni
• $961.25 — ,000,000 U.S.$911.25 U.S.$ 50.00 U.S.$961.25 7.500% Senior Notes due 2030 CUSIP:
• $982.50 — U.S.$550,000,000 U.S.$330,000,000 U.S.$982.50 U.S.$50.00 U.S.$1,032.50 7.250% Sen
• $50.00 — 000 U.S.$330,000,000 U.S.$982.50 U.S.$50.00 U.S.$1,032.50 7.250% Senior Notes d
• $1,032.50 — 0,000,000 U.S.$982.50 U.S.$50.00 U.S.$1,032.50 7.250% Senior Notes due 2031 CUSIP:
• $967.50 — U.S.$600,000,000 U.S.$200,000,000 U.S.$967.50 U.S.$50.00 U.S.$1,017.50 (1) Cosan
• $1,017.50 — 0,000,000 U.S.$967.50 U.S.$50.00 U.S.$1,017.50 (1) Cosan Luxembourg reserves the rig
• $1,000.00 — Maximum Principal Amount. (2) Per U.S.$1,000.00 principal amount of Notes, validly tend

Filing Documents

• dp224180_6k.htm (6-K) — 38KB
• image_002.jpg (GRAPHIC) — 2KB
• 0000950103-25-001223.txt ( ) — 43KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 31, 2025 COSAN S.A. By: /s/ Rodrigo Araujo Alves Name: Rodrigo Araujo Alves Title: Chief Financial Officer

View Full Filing

View this 6-K filing on SEC EDGAR