TIDMCNA
RNS Number : 5656G
Centrica PLC
02 March 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO
ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT
2 March 2018
CENTRICA PLC ANNOUNCES ANY AND ALL TENDER OFFER RESULTS
On 22 February 2018, Centrica plc (the "Company") announced
offers to purchase for cash any and all of its 4.000% senior notes
due 2023 (the "Any and All Notes") and up to US$250,000,000 in
aggregate principal amount of its 5.375% senior notes due 2043 (the
"Maximum Tender Notes" and together with the Any and All Notes, the
"Securities"), subject to the offer and distribution restrictions,
and upon the terms and subject to the conditions set forth in an
offer to purchase dated 22 February 2018 (as amended or
supplemented from time to time, the "Offer to Purchase"). The offer
to purchase the Any and All Notes is referred to herein as the "Any
and All Tender Offer" and the offer to purchase the Maximum Tender
Notes is referred to herein as the "Maximum Tender Offer." The Any
and All Tender Offer and the Maximum Tender Offer are referred to
together herein as the "Tender Offers".
Capitalised terms used in this announcement but not otherwise
defined have the meanings given to them in the Offer to Purchase.
Copies of the Offer to Purchase are available, subject to the offer
and distribution restrictions, from the Information and Tender
Agent at www.lucid-is.com/centrica.
The Any and All Tender Offer expired at 5:00pm New York City
time, yesterday, 1 March 2018 (the "Any and All Expiration
Time").
According to information provided by the Tender and Information
Agent, US$448,348,000 aggregate principal amount of the Any and All
Notes were validly tendered at or prior to the Any and All
Expiration Time and not validly withdrawn (approximately 59.78% of
the principal amount of the Any and All Notes currently
outstanding). As at the Any and All Expiration Time, no Notices of
Guaranteed Delivery have been received in respect of any Any and
All Notes.
The Company hereby confirms that it has accepted for purchase
all Any and All Notes validly tendered and not validly withdrawn at
or prior to the Any and All Expiration Time.
The Total Consideration payable in respect of such Any and All
Notes is set forth in the table below.
Principal Amount of Outstanding Principal
Any and All Notes Amount of Any and All
Accepted for Purchase Notes Following
Total Consideration in Settlement of the Any
respect of the Any and and All
Title of Security CUSIP/ISIN Number All Notes Tender Offer
----------------------- -------------------- ----------------------- ---------------------- ----------------------
US$750,000,000 4.000% 144A: US$1,032.47 per US$448,348,000 US$301,652,000
Senior Notes due 2023 15639KAA0/ US$1,000
US15639KAA07
Reg S: G2071AAE0/
USG2071AAE04
In addition, Noteholders whose Any and All Notes are purchased
in the Any and All Tender Offer will be paid accrued and unpaid
interest on their purchased Any and All Notes from the last
interest payment date up to, but not including, the Any and All
Settlement Date.
The Any and All Tender Offer has now expired and no further Any
and All Notes can be tendered for purchase. All Any and All Notes
accepted for purchase pursuant to the Any and All Tender Offer will
be cancelled.
Any and All Notes that have not been successfully tendered for
purchase and accepted by the Company pursuant to the Any and All
Tender Offer and the terms and conditions set out in the Offer to
Purchase will remain outstanding and will remain subject to the
terms and conditions of such Any and All Notes.
The Any and All Settlement Date is expected to be 5 March 2018.
The Early Tender Date for the Maximum Tender Offer is 8 March 2018
and the Maximum Tender Offer will expire on 22 March 2018.
For Further information
A complete description of the terms and conditions of the Tender
Offers is set out in the Offer to Purchase. Further details about
the Tender Offers can be obtained from:
The Company
Centrica plc
Millstream
Maidenhead Road
Windsor
Berkshire SL4 5GD
Investors and Analysts
Tel: +44 (0)1753 494900
Email: ir@centrica.com
Media
Tel: +44 (0)1784 843000
Email: media@centrica.com
Treasury
Tel: 01753 494165
Email: creditinvestor@centrica.com
The Joint Dealer Managers
Barclays Capital Inc.
745 Seventh Avenue, 5th Floor
New York, NY 10019
United States
Attention: Liability Management Group
Collect: 212-528-7581
Toll Free: 800-438-3242
Europe: +44 20 3134 8515
Email: liability.management@barclays.com
Citigroup Global Markets Limited
Citigroup Centre
Canada Square, Canary Wharf
London E14 5LB
Attn: Liability Management Group
London: +44 20 7986 8969
U.S. Toll-Free: +1 800 558 3745
U.S.: +1 212 723 6106
Email: liabilitymanagement.europe@citi.com
RBS Securities Inc.
600 Washington Boulevard
Stamford, CT 06901
United States
U.S.: +1 203-897 2963
Toll Free; +1 866 884 2071
International: +44 20 7678 5282
Attention: Liability Management
Email: LiabilityManagement@natwestmarkets.com
Société Générale
Tours Société Générale
17, Cours Valmy
92987 Paris La Défense Cedex
France
U.S. Toll Free: +1 855 881 2108
U.S.: +1 212 278 6957
Europe: +33 142 13 32 40
Attention: Liability Management
Email: liability.management@sgcib.com
The Information and Tender Agent
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: +44 20 7704 0880
Fax: +44 20 3004 1590
Attention: Thomas Choquet
Email: centrica@lucid-is.com
If a Holder has questions about any of the Tender Offers or the
procedures for tendering Securities, the Holder should contact the
Tender and Information Agent, the Joint Dealer Managers or the
Company at their respective telephone numbers. Documents relating
to the Tender Offers are also available at
www.lucid-is.com/centrica.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor,
Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 02, 2018 08:15 ET (13:15 GMT)
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