Anglo American PLC Result of Tender Offer (4668R)
21 September 2017 - 11:25PM
UK Regulatory
TIDMAAL TIDM38JO
RNS Number : 4668R
Anglo American PLC
21 September 2017
Anglo American Capital plc announces final results and pricing
of Tender Offers for certain of its Notes
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES
AND POSSESSIONS) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL
TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "DISTRIBUTION RESTRICTIONS"
BELOW)
21 September 2017.
Further to its indicative results announcement earlier today,
Anglo American Capital plc[1] (the "Company") announces the final
results and pricing of its invitations to holders of such of its
outstanding notes as are listed below (together, the "Notes") to
tender to the Company for purchase by the Company for cash (the
"Tender Offers") (i) any and all of the Any and All Notes listed
below and (ii) the Capped Notes listed below for an aggregate
consideration of up to the Capped Spend Amount, in each case upon
the terms and subject to the conditions set out in the tender offer
memorandum dated 13 September 2017 (the "Tender Offer Memorandum")
prepared by the Company. The Tender Offers expired at 16:00 hours
(London time) on 20 September 2017. Capitalised terms used but not
defined in this announcement have the meanings given to them in the
Tender Offer Memorandum.
The Company hereby announces it will accept for purchase all
validly tendered Notes pursuant to the Tender Offers on the basis
of (i) the Any and All Notes Acceptance Amount; and (ii) the Series
Acceptance Amounts for each series of Capped Notes set out in the
table below, which also includes the relevant Purchase Price,
Accrued Interest and, in respect of the Fixed Spread Notes accepted
for purchase, the relevant Reference Rate:
Notes ISIN Reference Purchase Purchase Purchase Series Pro-Rating Accrued Aggregate
Rate Yield Spread Price Acceptance Factor Interest nominal amount
Amounts outstanding
after the
Settlement
Date
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
Any and All
Notes
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR600,000,000
1.500 per cent.
Notes due 1
April 2020 103.661
(the "Notes due -0.106 per 0.044 per per 0.73 per
April 2020") XS1211292484 cent. cent. 15 bps cent. EUR394,631,000 N/A cent. EUR205,369,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
Capped Notes
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR750,000,000
2.500 per cent.
Notes due 18
September 2018
(the "Notes due -0.150 102.603
September per per 0.05 per
2018") XS0830380639 N.A. cent. N.A. cent. EUR88,948,000 N.A. cent. EUR159,832,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR750,000,000
2.750 per cent.
Notes due 7
June 2019 -0.100 104.848
(the "Notes due per per 0.83 per
June 2019") XS0789283792 N.A. cent. N.A. cent. EUR216,508,000 N.A. cent. EUR357,496,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR600,000,000
2.875 per cent.
Notes due 20
November 2020 108.479
(the "Notes due -0.024 per 0.176 per per 2.43 per
November 2020") XS0995040051 cent. cent. 20 bps cent. EUR245,723,000 N.A. cent. EUR354,277,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
Settlement
Settlement of the Tender Offers and payment of the Tender
Consideration in respect of Notes accepted for purchase is expected
to take place on 25 September 2017.
Notes that have not been tendered or accepted for purchase
pursuant to the Tender Offers will remain outstanding.
Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and
Investment Bank, MUFG Securities EMEA plc and UniCredit Bank AG are
acting as Joint Dealer Managers for the Tender Offers and Lucid
Issuer Services Limited is acting as Tender Agent.
JOINT DEALER MANAGERS
Commerzbank Aktiengesellschaft Crédit Agricole Corporate
and Investment Bank
Mainzer Landstrasse 151-153 12, Place des Etats-Unis
DLZ-Geb. 1, CC-APM DCM CS 70052
Bonds
60327 Frankfurt am Main 92547 Montrouge Cedex
Federal Republic of Germany France
Tel: +49 69 136 59920 Tel: +44 207 214 5733
Attention: Liability Management Attention: Liability Management
Email: liability.management@commerzbank.com Email: liability.management@ca-cib.com
MUFG Securities EMEA plc UniCredit Bank AG
Ropemaker Place Arabellastrasse 12
25 Ropemaker Street D-81925 Munich
London EC2Y 9AJ Germany
United Kingdom
Tel: +44 207 577 4048/+44 Tel: +49 89 378 13722
207 577 4218 Attention: Liability Management
Attention: Liability Management Email: corporate.lm@unicredit.de
Group
Email: DCM-LM@int.sc.mufg.jp
THE TENDER AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: +44 20 7704 0880
Attention: Thomas Choquet / David Shilson
Email: angloamerican@lucid-is.com
This announcement is released by Anglo American Capital plc and
contains inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) 596/2014 (MAR), encompassing
information relating to the Tender Offers described above. For the
purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is made by John Mills (Group
Company Secretary) at Anglo American Capital plc.
DISCLAIMER
Subject to applicable law, the Company or any of its affiliates
may at any time following completion of the Tender Offers purchase
remaining outstanding Notes by tender, in the open market, by
private agreement or otherwise on such terms and at such prices as
the Company, or if applicable, its affiliates may determine. Such
terms, consideration and prices may be more or less favourable than
those offered pursuant to the Tender Offers.
This announcement must be read in conjunction with the Tender
Offer Memorandum. If any Noteholder is in any doubt as to the
content of this announcement or the Tender Offer Memorandum or the
action it should take, it is recommended to seek its own financial
advice, including in respect of any tax consequences, from its
broker, bank manager, solicitor, accountant or other independent
financial, tax or legal adviser.
DISTRIBUTION RESTRICTIONS
The distribution of this announcement and/or the Tender Offer
Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement and/or the Tender
Offer Memorandum comes are required by each of the Company, the
Joint Dealer Managers and the Tender Agent to inform themselves
about, and to observe, any such restrictions. Neither this
announcement nor the Tender Offer Memorandum constitutes an offer
to buy or the solicitation of an offer to sell Notes or an
invitation to participate in the Tender Offers.
[1] (LEI TINT358G1SSHR3L3PW36)
This information is provided by RNS
The company news service from the London Stock Exchange
END
RTELBMJTMBMTBIR
(END) Dow Jones Newswires
September 21, 2017 09:25 ET (13:25 GMT)
Anglo American (LSE:AAL)
Historical Stock Chart
From Apr 2024 to May 2024
Anglo American (LSE:AAL)
Historical Stock Chart
From May 2023 to May 2024