REG - Anheuser-Busch InBev - Tender Offer Results

Anheuser-Busch Inbev SAAnnouncement

03/07/2020 13:10

RNS Number : 0228S
  
Anheuser-Busch InBev SA/NV
  
03 July 2020
  
 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN THE TENDER OFFER MEMORANDUM) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
3 July 2020
ANHEUSER BUSCH INBEV SA/NV ANNOUNCES FINAL RESULTS OF ITS TENDER OFFERS
On 25 June 2020, Anheuser Busch InBev SA/NV (the "Issuer") launched separate invitations to holders of its outstanding (i) EUR 750,000,000 4.00 per cent. Notes due 2021 (ISIN: BE6221503202) (the "June 2021 Notes"), (ii) EUR 650,000,000 1.950 per cent. Notes due 2021 (ISIN: BE6265141083) (the "September 2021 Notes"), (iii) EUR 2,000,000,000 0.875 per cent. Notes due 2022 (ISIN: BE6285452460) (the "March 2022 Notes") and (iv) EUR 1,000,000,000 0.800 per cent. Notes due 2023 (ISIN: BE6276039425) (the "April 2023 Notes") (each a "Series" and together the "Notes") to tender such Notes for purchase by the Issuer for cash (each such invitation an "Offer" and together the "Offers"). The Offers were made on the terms and subject to the conditions contained in the tender offer memorandum dated 25 June 2020 (the "Tender Offer Memorandum") and are subject to the offer restrictions more fully described in the Tender Offer Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
The Issuer today announces that it will accept validly tendered Notes pursuant to the Offers for purchase in cash in an aggregate principal amount of EUR 1,065,708,000, of which (i) an amount of EUR 230,628,000 in principal amount relates to the June 2021 Notes, (ii) an amount of EUR 123,487,000 in principal amount relates to the September 2021 Notes, (iii) an amount of EUR 355,924,000 in principal amount relates to the March 2022 Notes and (iv) an amount of EUR 355,669,000 in principal amount relates to the April 2023 Notes.
The final results of the Offers are as follows:





Description of Notes




ISIN




Aggregate Principal Amount Outstanding




Fixed Purchase Yield




Purchase Price*




Aggregate Principal Amount Tendered




Series Acceptance Amount




Pro-ration Factor






EUR 750,000,000 4.00 per cent. Notes due 2021 (the "June 2021 Notes")


BE6221503202


EUR 750,000,000


-0.05 per

cent.


EUR 1,036.63 (103.663 per cent. of principal)


EUR 230,628,000


EUR 230,628,000


Not Applicable




EUR 650,000,000 1.950 per cent. Notes due 2021 (the "September 2021 Notes")


BE6265141083


EUR 650,000,000


-0.05 per

cent.


EUR 1,024.66 (102.466 per cent. of principal)


EUR 123,487,000


EUR 123,487,000


Not Applicable




EUR 2,000,000,000 0.875 per cent. Notes due 2022 (the "March 2022 Notes")


BE6285452460


EUR 2,000,000,000


-0.05 per

cent.


EUR 1,015.67 (101.567 per cent. of principal)


EUR 355,924,000


EUR 355,924,000


Not Applicable




EUR 1,000,000,000 0.800 per cent. Notes due 2023 (the "April 2023 Notes")


BE6276039425


EUR 1,000,000,000


-0.05 per

cent.


EUR 1,023.71 (102.371 per cent. of principal)


EUR 355,669,000


EUR 355,669,000


Not Applicable




* Shown per EUR 1,000 in principal amount of the relevant Notes.
 
 



The Issuer will also pay an Accrued Interest Payment in respect of Notes accepted for purchase pursuant to the Offers.
The Offers remain subject to the conditions and restrictions set out in the Tender Offer Memorandum. The expected Settlement Date is 7 July 2020.
All Notes repurchased pursuant to the Offers will be cancelled.
Full details concerning the Offers are set out in the Tender Offer Memorandum.
BNP Paribas (Telephone: +33 1 55 77 78 94; Email: liability.management@bnpparibas.com; Attention: Liability Management Group) and Deutsche Bank Aktiengesellschaft (Telephone: +44 (0)20 7545 8011; Attention: Liability Management Group) are acting as Dealer Managers and Lucid Issuer Services Limited (Telephone: +44 20 7704 0880; Email: ab-inbev@lucid-is.com; Attention: Thomas Choquet) is acting as Tender Agent.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 ("MAR").
FOR THE PURPOSES OF MAR AND ARTICLE 2 OF COMMISSION IMPLEMENTING REGULATION (EU) 2016/1055, THIS ANNOUNCEMENT IS MADE BY DANIEL STROTHE.
DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The Dealer Managers do not take responsibility for the contents of this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum come into are required by each of the Issuer, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.
 


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