Altria Announces Consummation of Cash Tender Offer and Final Results
September 22 2016 - 3:15PM
Business Wire
Altria Group, Inc. (Altria) (NYSE:MO) today announces the
consummation of and final results for its previously announced cash
tender offer for any and all of its senior unsecured 9.95% Notes
due 2038 (the “2038 Notes”) and any and all of its senior unsecured
10.20% Notes due 2039 (the “2039 Notes” and, together with the 2038
Notes, the “Notes”). The terms and conditions of the tender offer
are described in the Offer to Purchase, dated September 13, 2016
and the related Letter of Transmittal and Notice of Guaranteed
Delivery.
The tender offer for the Notes expired at 5:00 p.m., New York
City time, on Monday, September 19, 2016 (the “Expiration
Time”).
The total aggregate principal amount of the 2038 Notes validly
tendered at or prior to the Expiration Time and not validly
withdrawn and accepted for purchase was $440,588,000, which amount
includes the 2038 Notes delivered in accordance with guaranteed
delivery procedures and the total aggregate principal amount of the
2039 Notes validly tendered at or prior to the Expiration Time and
not validly withdrawn and accepted for purchase was $492,000,000,
which amount includes the 2039 Notes delivered in accordance with
guaranteed delivery procedures.
The total consideration per $1,000 principal amount of each of
the 2038 Notes accepted for purchase was $1,842.71, plus accrued
and unpaid interest from the last interest payment date up to, but
not including, the date hereof and the total consideration per
$1,000 principal amount of each of the 2039 Notes accepted for
purchase was $1,884.63, plus accrued and unpaid interest from the
last interest payment date up to, but not including, the date
hereof. Payment for the purchased Notes was made today.
This press release is neither an offer to sell nor a
solicitation of offers to buy any securities. The tender offer was
made only pursuant to the Offer to Purchase and the related Letter
of Transmittal and Notice of Guaranteed Delivery. The tender offer
was not 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. Please
refer to the Offer to Purchase for a description of offer terms,
conditions, disclaimers and other information applicable to the
tender offer.
Altria’s Profile
Altria’s wholly-owned subsidiaries include Philip Morris USA
Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Nu
Mark LLC, Ste. Michelle Wine Estates Ltd. (“Ste. Michelle”) and
Philip Morris Capital Corporation. Altria holds a continuing
economic and voting interest in SABMiller plc.
The brand portfolios of Altria’s tobacco operating companies
include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, MarkTen®
and Green Smoke®. Ste. Michelle produces and markets premium wines
sold under various labels, including Chateau Ste. Michelle®,
Columbia Crest®, 14 Hands® and Stag’s Leap Wine Cellars™, and it
imports and markets Antinori®, Champagne Nicolas Feuillatte™,
Torres® and Villa Maria Estate™ products in the United States.
Trademarks and service marks related to Altria referenced in this
release are the property of Altria or its subsidiaries or are used
with permission. More information about Altria is available at
altria.com and on the Altria Investor app.
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