Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
October 30 2020 - 03:43PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month
of October 2020
Commission File Number
001-16429
ABB
Ltd
(Translation of registrant’s
name into English)
Affolternstrasse 44,
CH-8050, Zurich, Switzerland
(Address of principal
executive office)
Indicate by check mark
whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
☐
Note:Regulation S-T
Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual
report to security holders.
Indication by check mark if
the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
☐
Note:Regulation S-T
Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document
that the registrant foreign private issuer must furnish and make
public under the laws of the jurisdiction in which the registrant
is incorporated, domiciled or legally organized (the registrant’s
“home country”), or under the rules of the home country
exchange on which the registrant’s securities are traded, as long
as the report or other document is not a press release, is not
required to be and has not been distributed to the registrant’s
security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
Indicate by check mark
whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
If “Yes” is marked, indicate
below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-
This Form 6-K consists
of the following:
1. Press release issued by ABB
Ltd dated October 30, 2020, titled “ABB announces total
consideration for Tender Offer for 3.800% notes due 2028 and 4.375%
notes due 2042”.
2

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ZURICH,
SWITZERLAND, OCTOBER 30, 2020
ABB announces total
consideration for Tender Offer for 3.800% notes due 2028 and 4.375%
notes due 2042
ABB Ltd (ABBN: SIX Swiss Ex)
(“ABB”) announced today the applicable total consideration for the
3.800% Notes due 2028 (CUSIP No. 00037B AF9) and 4.375% Notes due
2042 (CUSIP No. 00037B AC6) (collectively, the “Notes”), subject to
the previously announced cash tender offer by ABB Finance (USA) Inc
(the “Offer”). The applicable total consideration for the Offer was
calculated by the dealer managers (as specified below) at 10:00
a.m. New York City time, today.
The Offer is being made on
the terms and subject to the conditions set forth in the Offer to
Purchase, dated October 26, 2020 (the “Offer to
Purchase”).
The consideration for each
$1,000 principal amount of each series of Notes validly tendered at
or prior to the Expiration Date or the Guaranteed Delivery Date and
not validly withdrawn (each, a “Total Consideration”), is set forth
in the table below. In addition to the applicable Total
Consideration, holders whose Notes of a given series are accepted
for purchase will be paid accrued and unpaid interest on such Notes
to, but not including, November 4, 2020, which is expected to be
the Settlement Date for the Offer.
The table below sets forth
certain information regarding the Notes and the
Offer.
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|
Reference Treasury
Security
|
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Fixed Spread (basis
points)
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Total Consideration for $1,000
Principal Amount
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3.800% Notes due
April 2028
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00037B AF9 /
US00037BAF94
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0.625% U.S.
Treasury Notes due August 15, 2030
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0.842%
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15
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$1,193.72
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4.375% Notes due
May 2042
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00037B AC6 /
US00037BAC63
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1.25% U.S.
Treasury Notes due May 15, 2050
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1.625%
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80
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$1,325.34
|
The Offer will expire at
5:00 p.m., New York City time, on October 30, 2020 (such time and
date, as it may be extended, the “Expiration Time”), unless
extended or earlier terminated by the Issuer. Any Notes tendered
may be withdrawn at any time at or before the Expiration Time by
following the procedures described in the Offer to Purchase.
Results of the Offer will be announced on November 2,
2020.
The Issuer’s obligation to
accept for purchase and to pay for Notes that have been validly
tendered and not validly withdrawn pursuant to the Offer is subject
to the satisfaction or waiver, in the Issuer’s discretion, of
certain conditions, which are more fully described in the Offer to
Purchase. The complete terms and conditions of the Offer are set
forth in the Offer to Purchase. Holders of the Notes are urged to
read the Offer to Purchase carefully. Capitalized terms used here
and not defined have the meanings ascribed to them in the Offer to
Purchase.
The Issuer has retained D.F.
King & Co., Inc. as the tender agent and information agent (the
“Information Agent”) for the Offer. The Issuer has retained Merrill
Lynch International and HSBC Bank plc as the dealer managers for
the Offer.
Holders who would like
additional copies of the Offer to Purchase may call or email the
Information Agent at (212) 269-5550 (banks and brokers), (800)
317-8033 (all others) or abb@dfking.com. Copies of the Offer to
Purchase are also available at the following website:
https://sites.dfkingltd.com/abb. Questions regarding the terms of
the Offer should be directed to HSBC Bank plc at +44 20 7992 6237
(Europe), +1 888 HSBC 4LM (toll free), +1 212 525 5552 (collect) or
liability.management@hsbcib.com or to Merrill Lynch International
at +44-20-7996-5420 (Europe), +1 (888) 292-0070 (toll free), +1
(980) 387-3907 (collect) or DG.LM-EMEA@bofa.com.
This press release shall not
constitute an offer to buy or a solicitation of an offer to sell
any Notes. The Offer is being made solely pursuant to the Offer to
Purchase. The Offer is not being made to holders of Notes in any
jurisdiction in which the making or acceptance thereof would not be
in compliance with the securities, blue sky or other laws of such
jurisdiction. In any jurisdiction in which the securities laws or
blue sky laws require the Offer to be made by a licensed broker or
dealer, the Offer will be deemed to be made on behalf of the Issuer
by one or more registered brokers or dealers that are licensed
under the laws of such jurisdiction.
ABB
is a leading global
technology company that energizes the transformation of society and
industry to achieve a more productive, sustainable future. By
connecting software to its electrification, robotics, automation
and motion portfolio, ABB pushes the boundaries of technology to
drive performance to new levels. With a history of excellence
stretching back more than 130 years, ABB’s success is driven by
about 110,000 talented employees in over 100 countries. More
information about ABB can be found at
https://global.abb/group/en/investors.
Important notice about
forward-looking information
This press release includes
both historical and forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934. These forward-looking
statements are not historical facts, but only predictions and
generally can be identified by use of statements that include
phrases such as “will,” “may,” “should,” “continue,” “anticipate,”
“believe,” “expect,” “plan,” “appear,” “project,” “estimate,”
“intend,” or other words or phrases of similar import. Similarly,
statements that describe the Issuer’s objectives, plans or goals
also are forward-looking statements. These forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those currently
anticipated. Factors that could materially affect these
forward-looking statements can be found in ABB’s periodic reports
filed with the SEC. Holders are urged to consider these factors
carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements speak only to the date
on which they were made, and neither ABB nor the Issuer undertake
any obligation to update publicly these forward-looking statements
to reflect new information, future events or otherwise. In light of
these risks, uncertainties and assumptions, the forward-looking
events might or might not occur. The issuer cannot assure you that
projected results or events will be achieved.
—
|
For more
information please contact:
|
Media
Relations
Phone: +41 43 317 71
11
Email:
media.relations@ch.abb.com
|
Investor
Relations
Phone:
+41 43 317 71 11
Email:
investor.relations@ch.abb.com
|
ABB
Ltd
Affolternstrasse
44
8050
Zurich
Switzerland
|
ABB
ANNOUNCES TOTAL CONSIDERATION FOR TENDER OFFER FOR 3.800% NOTES DUE
2028 AND 4.375% NOTES DUE 2042
|
2/2
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SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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ABB LTD
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Date: October 30,
2020.
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By:
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/s/ Jessica
Mitchell
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Name:
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Jessica
Mitchell
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Title:
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Group Senior Vice President
and
Head of Investor Relations
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Date: October 30,
2020.
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By:
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/s/ Richard A.
Brown
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Name:
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Richard A.
Brown
|
|
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Title:
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Group Senior Vice President
and
Chief Counsel Corporate & Finance
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