British American Tobacco PLC US Bond Issue by B.A.T Capital Corporation (1196L)
04 Settembre 2019 - 8:01AM
UK Regulatory
TIDMBATS TIDMTTM
RNS Number : 1196L
British American Tobacco PLC
04 September 2019
4 September 2019
British American Tobacco Announces Pricing of $3,500,000,000
Notes Offering
British American Tobacco p.l.c. ("BAT") today announces that
B.A.T Capital Corporation (the "Issuer"), a wholly owned subsidiary
of BAT, has priced an offering of $3,500,000,000 aggregate
principal amount of guaranteed debt securities, consisting of (1)
$1,000,000,000 2.789% Notes due 2024; (2) $1,000,000,000 3.215%
Notes due 2026; (3) $500,000,000 3.462% Notes due 2029; and (4)
$1,000,000,000 4.758% Notes due 2049 (collectively, the "Notes").
The issuance is expected to close on 6 September 2019, subject to
customary closing conditions.
The Notes will be fully and unconditionally guaranteed on a
senior and unsecured and joint and several basis by BAT, B.A.T.
Netherlands Finance B.V., B.A.T. International Finance p.l.c. and
Reynolds American Inc. (together, the "Guarantors").
BAT intends to use the net proceeds of the offering of the Notes
to refinance upcoming maturities, to potentially redeem prior to
maturity some of the BAT Group's bonds and for general corporate
purposes.
BofA Securities, Inc., Barclays Capital Inc., Citigroup Global
Markets Inc., Deutsche Bank Securities Inc. and HSBC Securities
(USA) Inc. are acting as joint book-running managers for the
proposed offering.
The offering of the Notes will be made under BAT's existing
effective shelf registration statement on file with the Securities
and Exchange Commission (the "SEC"), which is available online at
www.sec.gov. A preliminary prospectus supplement and accompanying
prospectus describing the terms of the offering and other
information relating to the Issuer and the Guarantors have been
filed with the SEC. The shelf registration statement, the
preliminary prospectus supplement and the accompanying prospectus
may be obtained, free of charge, by contacting BofA Securities,
Inc. at +1 800 294 1322, Barclays Capital Inc. at +1 888 603 5847,
Citigroup Global Markets Inc. at +1 800 831 9146, Deutsche Bank
Securities Inc. at +1 866 811 8049, or HSBC Securities (USA) Inc.
at +1 866 811 8049.
The preliminary prospectus supplement is also available at:
https://www.sec.gov/Archives/edgar/data/1275283/000119312519236042/d770456d424b5.htm
The shelf registration statement is also available at:
https://www.sec.gov/Archives/edgar/data/1275283/000119312519195742/d776937df3asr.htm
This communication shall not constitute an offer to sell nor a
solicitation of an offer to buy the Notes. This offering is being
made only pursuant to the Form F-3 registration statement, the
prospectus supplement and the accompanying prospectus and only to
such persons and in such jurisdictions as is permitted under
applicable law.
Enquiries:
Investor Relations
Mike Nightingale / Rachael Brierley / John Harney
+44 (0)20 7845 1180 / 1519 / 1263
Press Office
+44 (0)20 7845 2888 (24 hours) | @BATPress
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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