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SABMiller PLC's Subsidiary Announces Bond Issue

Wednesday, 7 Aug 2013 05:45am EDT 

SABMiller plc announced that on August 6, 2013 its wholly-owned subsidiary SABMiller Holdings Inc. (the Issuer) priced a USD1,100,000,000 bond issue. The notes (the Notes) will be guaranteed by the Company and will be issued pursuant to Rule 144A and Regulation S under the US Securities Act of 1933, as amended (the Act), in two tranches; USD750,000,000 of 5 year fixed rate notes with a coupon of 2.20%, USD350,000,000 of 5 year floating rate notes with a coupon of 0.69% over 3-month LIBOR. The net proceeds will be used by the Issuer to repay the remaining outstanding bank borrowings incurred to finance the acquisition of Foster's Group Limited in December 2011, and the balance for general corporate purposes. The issue is scheduled to close on 13 August 2013, subject to customary conditions. Application will be made to the Irish Stock Exchange for the Notes to be admitted to its Official List and to trading on its Regulated Market. 

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