REG - Rio Tinto - Rio Tinto prices US$9.0 billion of notes

Rio TintoAnnouncement

12/03/2025 07:00

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RNS Number : 2943A  Rio Tinto PLC  12 March 2025

 

Notice to ASX/LSE

 

Rio Tinto Finance (USA) plc prices US$9.0 billion of fixed and floating rate
notes

12 March 2025

 

Rio Tinto has priced US$9.0 billion of fixed and floating rate SEC-registered
debt securities. The bonds will be issued by Rio Tinto Finance (USA) plc and
will be fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto
Limited. The bond offer consists of eight tranches and the principal amount,
tenor and coupon for each tranche are as follows:

 

·      US$500 million two-year notes priced at a fixed coupon of 4.375%
maturing in 2027

·      US$750 million three-year notes priced at a fixed coupon of
4.500% maturing in 2028

·      US$500 million three-year notes priced at a floating rate coupon
of Compounded SOFR plus 0.840% maturing in 2028

·      US$1.75 billion five-year notes priced at a fixed coupon of
4.875% maturing in 2030

·      US$1.25 billion seven-year notes priced at a fixed coupon of
5.000% maturing in 2032

·      US$1.75 billion ten-year notes priced at a fixed coupon of 5.250%
maturing in 2035

·      US$1.75 billion thirty-year notes priced at a fixed coupon of
5.750% maturing in 2055

·      US$750 million forty-year notes priced at a fixed coupon of
5.875% maturing in 2065

 

Rio Tinto intends to use the net proceeds for general corporate purposes,
including to repay debt incurred pursuant to a bridge loan facility in order
to finance the acquisition of Arcadium Lithium.

 

BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets
Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LCC and RBC Capital
Markets, LLC acted as Joint Book-running Managers, Australia and New Zealand
Banking Group Limited, Bank of China Limited, London Branch, China
Construction Bank (Asia) Corporation Limited, CIBC World Markets Corp., Credit
Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., HSBC Securities
(USA) Inc., ICBC Standard Bank Plc, Santander US Capital Markets LLC, SG
Americas Securities, LLC, SMBC Nikko Securities America Inc., TD Securities
(USA) LLC acted as Joint Bookrunners, DBS Bank Ltd., nabSecurities, LLC,
Natixis Securities Americas LLC, Scotia Capital (USA) Inc. and Westpac Banking
Corporation acted as Co-Managers

 

 

IMPORTANT INFORMATION

 

This press release does not constitute an offer to sell or a solicitation of
an offer to buy any securities, nor does it constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale is
unlawful. The offering to which this media release relates was made pursuant
to an effective registration statement that Rio Tinto Finance (USA) Limited,
Rio Tinto Finance (USA) plc, Rio Tinto Finance (USA) Inc., Rio Tinto plc and
Rio Tinto Limited (together, "Rio Tinto") filed with the US Securities and
Exchange Commission (the "SEC") and only by means of a prospectus supplement
and accompanying base prospectus. Rio Tinto will file with the SEC a final
prospectus supplement to the base prospectus for the offering. You can obtain
these documents for free by visiting EDGAR on the SEC website at www.sec.gov
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52496587&newsitemid=20210923005276&lan=en-US&anchor=www.sec.gov&index=3&md5=91f0f205054c7cb84d3ec2ca82834e60)
. Copies of the prospectus supplement, the accompanying base prospectus and
the final prospectus relating to the offering can be obtained from Rio Tinto
at the registered address below, any underwriter or any dealer participating
in the offering (BNP Paribas Securities Corp. at +1 (800) 854-5674, BofA
Securities, Inc. at +1 (800) 294-1322, Citigroup Global Markets Inc. at +1
(800) 831-9146, J.P. Morgan Securities LLC at +1 (212) 834-4533, Mizuho
Securities USA LLC at +1 (866) 271-7403 and RBC Capital Markets, LLC at +1
(866) 375-6829).

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 

 Media Relations,        Media Relations,               Media Relations,
 United Kingdom          Australia                      Canada

 
 

Simon Letendre
 David Outhwaite         Matt Chambers

                              M +1 514 796 4973
 M +44 7787 597 493      M +61 433 525 739

                              Malika Cherry
                         Michelle Lee

                              M +1 418 592 7293
                         M +61 458 609 322

                              Vanessa Damha
                         Rachel Pupazzoni

                              M +1 514 715 2152
                         M +61 438 875 469

Media Relations,
                                                        US

 

                                                        Jesse Riseborough

                                                        M +1 202 394 9480

 Investor Relations,     Investor Relations,
 United Kingdom          Australia

 
 

 Rachel Arellano         Tom Gallop

M: +44 7584 609 644

                       M +61 439 353 948

 David Ovington

                       Amar Jambaa
 M +44 7920 010 978

                       M +61 472 865 948

 Laura Brooks

 M +44 7826 942 797

 Weiwei Hu

 M +44 7825 907 230

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

 

 

 

 

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

 

riotinto.com

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