BAE SYSTEMS PLC Doc re. Bond Issue (1357J)
08 April 2020 - 4:00PM
UK Regulatory
TIDMBA.
RNS Number : 1357J
BAE SYSTEMS PLC
08 April 2020
BAE SYSTEMS PLC Bond Issue
8 April 2020
BAE Systems plc announces a private placement of notes (the
"Notes") to qualified institutional buyers under Rule 144A of the
Securities Act of 1933, as amended (the "Securities Act"), and to
non-U.S. persons outside the United States in accordance with
Regulation S under the Securities Act. The Notes will be issued by
BAE Systems plc ( the parent holding company of the BAE Systems
group of companies which, together with BAE Systems plc, are
referred to herein as "BAE Systems"). The Notes to be issued
consist of U.S.$1,300,000,000 aggregate principal amount of Notes
paying 3.400% interest per year and maturing on 15 April 2030. The
net proceeds of the offering will be used to (i) fund part of BAE
Systems' post-employment benefit plans deficit or (ii) repay
certain amounts then outstanding under BAE Systems' short-term
commercial paper program that will be used to fund part of BAE
Systems' post-employment benefit plans deficit.
The offering is expected to close on or about 14 April 2020.
The Notes will not be and have not been registered under the
Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes. Any offer of the Notes
will be made only by means of a private offering memorandum.
Issued by:
BAE Systems plc
London
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END
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