REG - Anglo American PLC Anglo American Cap - Result of Tender Offer <Origin Href="QuoteRef">AAL.L</Origin> <Origin Href="QuoteRef">AALAA.UL</Origin>

Anglo AmericanAnnouncement

28/03/2017 16:00

RNS Number : 7963A
Anglo American PLC
28 March 2017
Anglo American Capital plc announces final results and pricing of Tender Offers for certain of its Notes
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "DISTRIBUTION RESTRICTIONS" BELOW)
28 March 2017.
Further to its indicative results announcement earlier today, Anglo American Capital plc[1] (the "Company") announces the final

results and pricing of its invitations to holders of such of its outstanding notes as are listed below (together, the "Notes") to tender some or all of their Notes to the Company for purchase by the Company for cash (the "Tender Offers"), for an aggregate consideration of up to the Total Funds Available, upon the terms and subject to the other conditions set out in the tender offer memorandum dated 20 March 2017 (the "Tender Offer Memorandum") prepared by the Company. The Tender Offers expired at 16:00 hours (London time) on 27 March 2017. Capitalised terms used but not defined in this announcement have the meanings given to them in the Tender Offer Memorandum.
The Company hereby announces it will accept for purchase validly tendered Notes pursuant to the Tender Offers with a total nominal amount of approximately US$968,917,171 on the basis of the Series Acceptance Amounts and Pro-Rating Factors set out in the table below, which also includes the relevant Purchase Price, Accrued Interest and, in respect of the Fixed Spread Notes accepted for purchase, the relevant Reference Rate: 
Notes
ISIN
Reference Rate 
Fixed Purchase Yield
Purchase Spread
Purchase Price
Series Acceptance Amount
Pro-Rating Factor
Accrued Interest
Aggregate nominal amount outstanding after the Settlement Date
750,000,000 1.750 per cent. Notes due 3 April 2018
(the "Notes due April 2018") 
XS1052677207
N/A 
-0.15 per cent.
N/A
101.924 per cent.
280,246,000
N/A
1.731 per cent.
257,559,000
400,000,000 6.875 per cent. Notes due 1 May 2018
(the "Notes due May 2018") 
XS0361024895
0.148 per cent.
N/A
70 bps
106.493 per cent.
175,119,000
N/A
6.272 per cent.
91,624,000
750,000,000 2.500 per cent. Notes due 18 September 2018
(the "Notes due September 2018") 
XS0830380639
N/A 
0.00 per cent.
N/A
103.678 per cent.
232,855,000
N/A
1.322 per cent.
248,780,000
750,000,000 2.750 per cent. Notes due 7 June 2019
(the "Notes due June 2019")
XS0789283792
-0.086 per cent.
N/A
40 bps
105.305 per cent.
175,996,000
N/A
2.230 per cent.
574,004,000
600,000,000 1.500 per cent. Notes due 1 April 2020
(the "Notes due April 2020")
XS1211292484
N/A
N/A
70 bps
N/A
0
N/A
N/A
600,000,000
600,000,000 2.875 per cent. Notes due 20 November 2020 (the "Notes due November2020")
XS0995040051
N/A
N/A
85 bps
N/A
0
N/A
N/A
600,000,000
Settlement 
The New Issue Condition was waived on 28 March 2017. 
Settlement of the Tender Offers and payment of the Tender Consideration in respect of Notes accepted for purchase is expected to take place on 30 March 2017.
Notes that have not been tendered or accepted for purchase pursuant to the Tender Offers will remain outstanding.
Citigroup Global Markets Limited and Morgan Stanley & Co. International plc are the Global Coordinators and Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A. and Barclays Bank PLC, together with Citigroup Global Markets Limited and Morgan Stanley & Co. International plcare acting as Joint Dealer Managers for the Tender Offers and Lucid Issuer Services Limited is acting as Tender Agent.
GLOBAL COORDINATORS
Citigroup Global Markets Limited
Morgan Stanley & Co. International plc
Citigroup Centre
25 Cabot Square
33 Canada Square
Canary Wharf
Canary Wharf
London E14 4QA
London E14 5LB
United Kingdom
United Kingdom


JOINT DEALER MANAGERS


Banco Bilbao Vizcaya Argentaria, S.A.
Banco Santander, S.A.
44th Floor, One Canada Square
Ciudad Grupo Santander Edificio Encinar
E14 5AA
Avenida de Cantabaria, s/n 28660 Boadilla del Monte
United Kingdom
Madrid

Spain


Tel: +44 20 7648 7516/
+44 20 7397 6125
Tel: +44 20 7756 6909/
+44 20 7756 6648
Attention: Liability Management
Attention: Liability Management 
Email: liabilitymanagement@bbva.com
Email: tommaso.grospietro@santandergcb.com/
King.Cheung@santandergcb.com


Barclays Bank PLC
Citigroup Global Markets Limited
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom
Citigroup Centre
33 Canada Square
Canary Wharf
London E14 5LB
United Kingdom


Tel: +44 20 3134 8515
Attention: Liability Management Group
Email: eu.lm@barclays.com
Tel: +44 20 7986 8969
Attention: Liability Management Group
Email: liabilitymanagement.europe@citi.com


Morgan Stanley & Co. International plc
25 Cabot Square
Canary Wharf
London E14 4QA
United Kingdom
Tel: +44 20 7677 7799
Attention: Liability Management
Email: liabilitymanagement.europe@morganstanley.com


THE TENDER AGENT

Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA

Tel: +44 20 7704 0880
Attention: Thomas Choquet / David Shilson
Email: angloamerican@lucid-is.com


This announcement is released by Anglo American Capital plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Tender Offers, the U.S. Tender Offers and the New Issue described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by John Mills (Group Company Secretary) at Anglo American Capital plc.
DISCLAIMER 
Subject to applicable law, the Company or any of its affiliates may at any time following completion of the Tender Offers purchase remaining outstanding Notes by tender, in the open market, by private agreement or otherwise on such terms and at such prices as the Company, or if applicable, its affiliates may determine. Such terms, consideration and prices may be more or less favourable than those offered pursuant to the Tender Offers.
This announcement must be read in conjunction with the Tender Offer Memorandum. If any Noteholder is in any doubt as to the content of this announcement or the Tender Offer Memorandum or the action it should take, it is recommended to seek its own financial advice, including in respect of any tax consequences, from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. 
DISTRIBUTION RESTRICTIONS
The distribution of this announcement and/or the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Joint Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Notes or an invitation to participate in the Tender Offers.

[1] (LEI TINT358G1SSHR3L3PW36)

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