Press Release

COSAN LUXEMBOURG S.A. ANNOUNCES FINAL RESULTS OF ITS CASH TENDER OFFERS OF UP TO U.S.$900,000,000 COMBINED AGGREGATE PRINCIPAL AMOUNT OF THE FOLLOWING SERIES OF NOTES, SUBJECT TO THE APPLICABLE CAPS: 5.500% SENIOR NOTES DUE 2029 (CUSIP NOS. 22113A AB1/ G25343 AB3), 7.500% SENIOR NOTES DUE 2030 (CUSIP NOS. 22112E AD0/L20041 AF3) AND 7.250% SENIOR NOTES DUE 2031 (CUSIP NOS. 22112E AE8/ L20041 AG1)

SรƒO PAULO, March 5, 2025 /PRNewswire/ —ย Cosan Luxembourg S.A., a public limited liability company (sociรฉtรฉ anonyme) organized under the laws of the Grand Duchy of Luxembourg, having its registered office at 28, Boulevard F.W. Raiffeisen, L-2411 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Sociรฉtรฉs) under number B 175.646 (“Cosan Luxembourg”) announced today the final tender results in connection with its previously announced separate offers to purchase for cash a combined aggregate principal amount of U.S.$900,000,000 (the “Aggregate Maximum Principal Amount”) of Notes (as defined below), subject to the following applicable caps: (i) up to U.S.$301,264,000 aggregate principal amount (the “2029 Notes Maximum Principal Amount”) of its outstanding U.S.$740,750,000 5.500% Senior Notes due 2029 issued by Cosan Luxembourg (the “2029 Notes”); (ii) up to U.S.$330,000,000 aggregate principal amount (the “2030 Notes Maximum Principal Amount”) of its outstanding U.S.$550,000,000 7.500% Senior Notes due 2030 issued by Cosan Luxembourg (the “2030 Notes”); and (iii) up to U.S.$268,736,000 aggregate principal amount (the “2031 Notes Maximum Principal Amount,” and together with the 2029 Notes Maximum Principal Amount and the 2030 Notes Maximum Principal Amount, the “Individual Maximum Principal Amounts” and each an “Individual Maximum Principal Amount”) of the outstanding U.S.$600,000,000 7.250% Senior Notes due 2031 issued by Cosan Luxembourg (the “2031 Notes,” and together with the 2029 Notes and the 2030 Notes, the “Notes”), upon the terms and subject to the conditions set forth in the offer to purchase dated January 31, 2025 (the “Offer to Purchase”) as amended by the Company’s early tender results press release dated as of February 14, 2025, for a purchase price for each series of Notes equal to the applicable Purchase Price (the “Tender Offers” and each a “Tender Offer”).

The expiration date for the Tender Offers was 5:00 p.m., New York City time, on March 4, 2025 (the “Expiration Time”). Cosan Luxembourg has been advised that U.S.$875,000, or approximately 0.12% of the outstanding 2029 Notes, U.S.$3,540,000, or approximately 0.64% of the outstanding 2030 Notes, and U.S.$630,000, or approximately 0.1% of the outstanding 2031 Notes, were tendered after 5:00 p.m., New York City time, on February 13, 2025 (the “Early Tender Date”) but at or prior to the Expiration Time.ย The 2029 Notes and 2030 Notes tendered after the Early Tender Date but at or prior to the Expiration Time were accepted.ย Since the aggregate principal amount of 2031 Notes tendered at or prior to the Early Tender Date was equivalent to the 2031 Notes Maximum Principal Amount, the 2031 Notes tendered after the Early Tender Date but prior to the Expiration Time were not accepted.

On the Early Tender Date, Cosan Luxembourg accepted (i) U.S.$235,647,000 in aggregate principal amount of the 2029 Notes validly tendered in the Tender Offer for the 2029 Notes, (ii) U.S.$269,713,000 in aggregate principal amount of the 2030 Notes validly tendered in the Tender Offer for the 2030 Notes and (iii) U.S.$268,736,000 in aggregate principal amount of the 2031 Notes validly tendered in the Tender Offer for the 2031 Notes.

Holders who validly tendered their Notes at or prior to the Early Tender Date in the manner described in the Offer to Purchase received the applicable Total Consideration, which included the applicable Tender Offer Consideration and the applicable Early Tender Payment, plus the applicable Accrued Interest, on the Early Settlement Date, which occurred on February 18, 2025.

Holders of 2029 Notes that were validly tendered after the Early Tender Date and prior to or at the Expiration Time, and accepted for purchase pursuant to the Tender Offer for the 2029 Notes, will be eligible to receive the applicable Tender Offer Consideration (as set forth in the table below), plus the applicable Accrued Interest, on the Final Settlement Date. Holders of 2030 Notes that were validly tendered after the Early Tender Date and prior to or at the Expiration Time, and accepted for purchase pursuant to the Tender Offer for the 2030 Notes, will be eligible to receive the applicable Total Consideration (as set forth in the table below), which includes the applicable Tender Offer Consideration and the applicable Early Tender Payment, plus the applicable Accrued Interest, on the Final Settlement Date. The Final Settlement Date is expected to be on or about March 7, 2025.

The table below summarizes certain payment terms for the Notes:

Notes

CUSIP and
ISIN
Number(s)

Principal
Amount
Outstanding

Individual
Maximum
Principal
Amount

Aggregate
Principal
Amount
Tendered

Aggregate
Principal Amount
Accepted

Tenderย Offerย 
Consideration (1)

Early
Tender
Payment (1)(2)

Total
Consideration (3)

5.500% Senior Notes due
ย  ย 2029

CUSIP:ย  22113A
AB1/ G25343
AB3

ISIN:
US22113A
AB17
/USG25343
AB36

U.S.$740,750,000

U.S.$301,264,000

U.S.$236,522,000

U.S.$236,522,000

U.S.$ 911.25

U.S.$ 50.00

U.S.$ 961.25

7.500% Senior Notes due
ย  ย 2030


CUSIP: 22112E
AD0/L20041
AF3

ISIN:
US22112E
AD04/USL20041
AF38

U.S.$550,000,000

U.S.$330,000,000

U.S.$273,253,000

U.S.$273,253,000

U.S.$ 982.50

U.S.$ 50.00

U.S.$ 1,032.50

7.250% Senior Notes due
ย  ย 2031


CUSIP: 22112E
AE8/L20041
AG1

ISIN:
US22112E
AE86/USL20041
AG11

U.S.$600,000,000

U.S.$268,736,000

U.S.$ 269,366,000(4)

U.S.$ 268,736,000(4)

U.S.$ 967.50

U.S.$ 50.00

U.S.$ 1,017.50

(1)

Per U.S.$1,000.00 principal amount of Notes, validly tendered and accepted for purchase (and not validly withdrawn), plus the applicable Accrued Interest (as defined in the Offer to Purchase).

(2)

Included in Total Consideration.

(3)

Per U.S.$1,000.00 principal amount of Notes, validly tendered and accepted for purchase (and not validly withdrawn). Includes an Early Tender Payment of U.S.$50 per U.S.$1,000 principal amount of Notes, validly tendered and accepted for purchase (and not validly withdrawn). Holders who tendered their 2030 Notes after the applicable Early Tender Date will also be eligible to receive the applicable Early Tender Payment. In addition, Holders whose Notes are accepted for payment will receive the applicable Accrued Interest (as defined in the Offer to Purchase) with respect to such Notes.

(4)

Since the aggregate principal amount of 2031 Notes tendered at or prior to the Early Tender Date was equivalent to the 2031 Notes Maximum Principal Amount, the 2031 Notes tendered after the Early Tender Date but prior to the Expiration Time were not accepted.

ย 

The terms and conditions of the Tender Offers are described in the Offer to Purchase, as amended by the Company’s early tender results press release dated as of February 14, 2025. Capitalized terms not defined herein shall have the meaning ascribed to them in the Offer to Purchase.

Neither the Offer to Purchase nor any related documents have been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.

Contact information of the Tender and Information Agent is set forth below.

D.F. King & Co., Inc.


48 Wall Street, 22nd Floor

New York, New York 10005

ย 

Banks and Brokers call: +1 (212) 269-5550 (collect)

All others call toll-free: +1 (888) 542-7446

E-mail: [email protected]

ย 

Any questions regarding the terms of the Tender Offers may be directed to the Dealer Managers and requests for additional copies of the Offer to Purchase may be directed to the Tender and Information Agent at their respective telephone numbers and locations listed below. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offers.

ย 

The Dealer Managers for the Tender Offers were:

Citigroup Global Markets Inc.

388 Greenwich Street, Trading 4th Floor

New York, New York 10013

United States of America

Attn: Liability Management Group

Collect: +1 (212) 723-6106

Toll-Free: +1 (800) 558-3745

Itau BBA USA Securities, Inc.

599 Lexington Avenue, 34th Floor New York, New York 10022

United States of America

Attn: Debt Capital Markets

Toll Free: +1 (888) 770-4828

Collect: +1 (212) 710-6749

ย 

Morgan Stanley &Co. LLC
1585 Broadway, 6th Floor

New York, New York 10036

United States of America
Attn: Global Debt Advisory Group

Toll Free: +1 (800) 624-1808

Collect: +1 (212) 761-1057

ย 

This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Tender Offers were made only by and pursuant to the terms of the Offer to Purchase, and the information in this notice is qualified by reference to the Offer to Purchase. None of Cosan Luxembourg, the Guarantor, the Dealer Managers or the Tender and Information Agent made any recommendation as to whether Holders should tender their Notes pursuant to the Tender Offers.

Cosan Luxembourg S.A. and Cosan S.A. Investor Relations
Av. Brigadeiro Faria Lima, 4100, 15th Floor
Itaim Bibi, CEP 04538-132 Sรฃo Paulo, SP, Brazil
Tel: +55 11 3897-9797
E-mail: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/cosan-luxembourg-sa-announces-final-results-of-its-cash-tender-offers-of-up-to-us900-000-000-combined-aggregate-principal-amount-of-the-following-series-of-notes-subject-to-the-applicable-caps-5-500-senior-notes-due-2029–302393089.html

SOURCE Cosan Luxembourg S.A.

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