ZURICH, Nov. 2, 2020 /PRNewswire/ -- ABB Ltd (ABBN:
SIX Swiss Ex) ("ABB") announced today that the cash tender offer by
ABB Finance (USA) Inc. (the
"Issuer") for any and all outstanding 3.800% Notes due 2028
(CUSIP No. 00037B AF9) and 4.375% Notes due 2042 (CUSIP No. 00037B
AC6) (collectively, the "Notes") (the "Offer"), expired at
5:00 p.m., New York City time, October 30, 2020 (the "Expiration Time"). At the
Expiration Time, valid tenders had been received in the amounts set
forth in the table below.
Title of
Security
|
|
CUSIP / ISIN
Numbers
|
|
Aggregate
Principal Amount Outstanding
|
|
Aggregate
Principal Amount Tendered(1)
|
|
Aggregate
Principal Amount Tendered using Guaranteed Delivery
Procedures
|
3.800% Notes due
April 2028
|
|
00037B AF9 /
US00037BAF94
|
|
US
$750,000,000
|
|
US
$366,827,000
|
|
US
$1,076,000
|
4.375% Notes due May
2042
|
|
00037B AC6 /
US00037BAC63
|
|
US
$750,000,000
|
|
US
$140,491,000
|
|
US
$250,000
|
|
|
(1)
|
Excluding principal
amounts of Notes tendered using Guaranteed Delivery Procedures (as
stipulated in the Issuer's Offer to Purchase, dated October 26,
2020 (the "Offer to Purchase").
|
The Issuer expects to accept for payment all Notes validly
tendered and not validly withdrawn in the Offer and expects to make
payment for the Notes tendered prior to the Expiration Time in
same-day funds on November 4, 2020,
including with respect to the Notes tendered pursuant to the
Guaranteed Delivery Procedures.
Merrill Lynch International and HSBC Bank plc served as the
dealer managers for the Offer. D.F. King & Co., Inc. served as
the tender agent and information agent 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.
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
|
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SOURCE ABB Finance (USA)
Inc.