20 March
2024
BAE Systems plc
Notes Issuance
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 Notes to be
issued consist of U.S.$800,000,000 in aggregate principal amount of
5.000% Notes due 2027, U.S.$1,250,000,000 in aggregate principal
amount of 5.125% Notes due 2029, U.S.$500,000,000 in aggregate
principal amount of 5.250% Notes due 2031, U.S.$1,500,000,000 in
aggregate principal amount of 5.300% Notes due 2034 and
U.S.$750,000,000 in aggregate principal amount of 5.500% Notes due
2054.
The net proceeds of the offering will be used
(i) to refinance $4.0 billion in aggregate principal amount
outstanding under the Bridge Loan Facility Agreement incurred to
fund part of the acquisition price of Ball Aerospace, and (ii) for
general corporate purposes, including the repayment of
indebtedness.
The offering is expected to close on or about 26
March 2024.
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 announcement 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.
- ENDS -
For further information, please
contact:
Investor
Relations
Media Relations
Martin Cooper
Kristina Anderson
Investor Relations Director
Director, Media Relations
Telephone: +44 (0)1252 383455
Telephone: +44 (0)7540 628673
Email: investors@baesystems.com
Email: kristina.anderson@baesystems.com