REG - BAE SYSTEMS PLC - Notes Issuance

BAE SystemsAnnouncement

20/03/2024 09:15

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RNS Number : 5910H  BAE SYSTEMS PLC  20 March 2024

20 March 2024

BAE Systems plc

Notes Issuance

BAE Systems plc announces a private placement of notes (the "Notes") to
qualified institutional buyers under Rule 144A of the Securities Act of 1933,
as amended (the "Securities Act"), and to non-U.S. persons outside the United
States in accordance with Regulation S under the Securities Act.  The Notes
will be issued by BAE Systems plc.  The Notes to be issued consist of
U.S.$800,000,000 in aggregate principal amount of 5.000% Notes due 2027,
U.S.$1,250,000,000 in aggregate principal amount of 5.125% Notes due 2029,
U.S.$500,000,000 in aggregate principal amount of 5.250% Notes due 2031,
U.S.$1,500,000,000 in aggregate principal amount of 5.300% Notes due 2034 and
U.S.$750,000,000 in aggregate principal amount of 5.500% Notes due 2054.

The net proceeds of the offering will be used (i) to refinance $4.0 billion in
aggregate principal amount outstanding under the Bridge Loan Facility
Agreement incurred to fund part of the acquisition price of Ball Aerospace,
and (ii) for general corporate purposes, including the repayment of
indebtedness.

The offering is expected to close on or about 26 March 2024.

The Notes will not be and have not been registered under the Securities Act
and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.

This announcement does not constitute an offer to sell or the solicitation of
an offer to buy the Notes.  Any offer of the Notes will be made only by means
of a private offering memorandum.

- ENDS -

For further information, please contact:

Investor
Relations
Media Relations

Martin Cooper
     Kristina Anderson

Investor Relations Director                            Director,
Media Relations

Telephone: +44 (0)1252 383455                  Telephone: +44 (0)7540
628673

Email: investors@baesystems.com              Email:
kristina.anderson@baesystems.com

 

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