Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or
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: ☐ Yes ☒ No
If Yes is marked, indicate below the file
number assigned to the registrant in connection with Rule
12g3-2(b):
n/a
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NEWS RELEASE
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Release Time
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IMMEDIATE
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Date
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8 September 2017
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Release Number
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29/17
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BHP announces pricing of the US Tender Offers
BHP announced today the final pricing of the Tender Offers as part of its global multi-currency bond repurchase plan.
BHP Billiton Finance (USA) Limited (the
Company
), a wholly-owned subsidiary of BHP Billiton Limited, announced the pricing as set forth in the table
below of its previously announced tender offers for its US$529,978,000 3.250% Senior Notes due 2021 (the
2021 Notes
), its US$859,938,000 2.875% Senior Notes due 2022 (the
2022 Notes
) and its US$1,500,000,000 3.850% Senior Notes due
2023 (the
2023
Notes
, and together with the 2021 Notes and the 2022 Notes, the
Notes
) (the
Tender Offers
).
As announced on 31
August 2017, the Company will spend up to US$1,000,000,000 aggregate purchase price (excluding accrued and unpaid interest) in the Tender Offers (the
Offer Cap
). Because the Offer Cap has been reached, the Company does not expect to accept
for purchase any Notes tendered after the Early Tender Date.
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Title of Security
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CUSIP/ISIN
Number
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Acceptance
Priority Level
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Principal
Amount to be
Purchased
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Fixed
Spread
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U.S.
Treasury
Reference
Security
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Reference
Yield
(a)
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Total
Consideration
(a)
|
3.850% Senior
Notes due 2023
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055451AU2/ US055451AU28
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1
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US$765,587,000
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55 bps
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1.875%
U.S.T. due
01/31/22
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1.661%
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US$1,092.33
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2.875% Senior
Notes due 2022
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055451AQ1/ US055451AQ16
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2
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US$157,945,000
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35 bps
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1.875%
U.S.T. due
01/31/22
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1.661%
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US$1,036.60
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3.250% Senior
Notes due 2021
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055451AL2/ US055451AL29
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3
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US$0
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15 bps
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1.875%
U.S.T. due
01/31/22
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1.661%
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US$1,057.82
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(a)
|
Per US$1,000 principal amount of Notes validly tendered and accepted for purchase. The Reference Yield and the Total Consideration for each series of the Notes were determined at 11:00 a.m., New York City time, on 8
September 2017, as described in the Offer to Purchase. The Total Consideration includes the Early Tender Payment of US$30 per US$1,000 principal amount.
|
1
As previously announced, according to information provided by Global Bondholder Services Corporation, the tender
and information agent for the Tender Offers, US$1,253,824,000 aggregate principal amount of the Notes were validly tendered prior to or at the Early Tender Date and not validly withdrawn, consisting of US$72,183,000 aggregate principal amount of the
2021 Notes, US$416,054,000 aggregate principal amount of the 2022 Notes and US$765,587,000 aggregate principal amount of the 2023 Notes.
Because the
purchase price (excluding accrued and unpaid interest) for the aggregate principal amount of Notes validly tendered prior to or at the Early Tender Date and not validly withdrawn would exceed the Offer Cap, the Company will not accept for purchase
all such Notes that have been tendered. The Company has accepted for purchase all of the 2023 Notes validly tendered and not validly withdrawn as of the Early Tender Date and will accept 2022 Notes for purchase on a prorated basis as described in
the Offer to Purchase (as defined below), using a pro ration factor of 38.0799%. The Company will not accept for purchase any 2021 Notes tendered in the Tender Offers.
The Tender Offers have been made pursuant to the terms and conditions set forth in the offer to purchase, dated 21 August 2017 (the
Offer to Purchase
).
Terms not defined in this announcement have the meanings given to them in the Offer to Purchase.
Holders of the Notes who tendered at or prior to 5:00
p.m., New York City time, on 7 September 2017 and whose Notes were accepted for purchase are eligible to receive the Total Consideration.
The settlement
date for the Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is expected to be 12 September 2017 (the
Early Settlement Date
). Holders will also receive accrued and unpaid interest on the Notes
validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the Early Settlement Date.
The Tender
Offers will expire at 11:59 p.m., New York City time, on 22 September 2017 (such time and date, the
Expiration Date
). Holders tendering Notes in the Tender Offers after the Early Tender Date are required to validly tender their Notes prior to
or at the Expiration Date to be eligible to receive the Late Tender Offer Consideration. Because the Offer Cap has been reached, the Company does not expect to accept for purchase any Notes tendered after the Early Tender Date.
Legal Notices
This announcement is for informational
purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. This announcement does not describe all the material terms of the Tender Offers and no decision
should be made by any Holder on the basis of this announcement. The terms and conditions of the Tender Offers are described in the Offer to Purchase. This announcement must be read in conjunction with the Offer to Purchase. The Offer to Purchase
contains important information which should be read carefully before any decision is made with respect to the Tender Offers. If any Holder is in any doubt as to the contents of this announcement, or the Offer to Purchase, or the action it should
take, it is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. Any
individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offers.
2
None of the Company, the Guarantors, the Dealer Managers or their affiliates, their respective boards of
directors, the Tender and Information Agent, the Notes trustee or any of their respective affiliates makes any recommendation, or has expressed an opinion, as to whether or not Holders should tender their Notes, or refrain from doing so, pursuant to
the Tender Offers. Each Holder should make its own decision as to whether to tender its Notes and if so, the principal amount of the Notes to tender.
The Company has not filed this announcement or the Offer to Purchase with, and they have not been reviewed by, any federal or state securities commission
or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Tender Offers, and it is unlawful and may be a criminal offense to make any representation to the contrary.
The Offer to Purchase does not constitute an offer to purchase Notes in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to
make such offer under applicable securities or blue sky laws. The distribution of the Offer to Purchase in certain jurisdictions is restricted by law. Persons into whose possession the Offer to Purchase comes are required by each of the Company, the
Guarantors, the Dealer Managers and the Tender and Information Agent to inform themselves about, and to observe, any such restrictions.
United
Kingdom.
The communication of the Offer to Purchase and any other documents or materials relating to the Tender Offers is not being made by, and such documents and/or materials have not been approved, by an authorized person for the purposes of
section 21 of the Financial Services and Markets Act 2000, as amended. Accordingly, the Offer to Purchase and such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The
communication of the Offer to Purchase and such documents and/or materials as a financial promotion is only being directed at and made to (i) persons who are outside the United Kingdom, (ii) investment professionals (as defined in Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
Financial Promotion Order
)), (iii) high net worth entities and other parties falling within Article 49(2)(a) to (d) of the Financial
Promotion Order, or (iv) any other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as
Relevant Persons
) and the transactions contemplated herein will be available only to, and
engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act on or rely on the Offer to Purchase or any of its contents.
3
The Global Coordinators and Lead Dealer Managers for the Tender Offers are:
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Deutsche Bank Securities
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UBS Investment Bank
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60 Wall Street, 2nd Floor
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5 Broadgate
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New York, New York 10005
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London EC2M 2QS
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USA
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United Kingdom
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Attn: Liability Management Group
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Attn: Liability Management Group
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Collect: +1 (212)
250-2955
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Collect: +1 (203)
719-4210
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U.S. Toll-Free: +1 (866)
627-0391
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U.S. Toll-Free: +1 (888)
719-4210
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In Europe: +44 20 7568 2133
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Email:
ol-liabilitymanagement-
eu@ubs.com
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The Lead Dealer Managers for the Tender Offers are:
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J.P. Morgan
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MUFG
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383 Madison Avenue
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1221 Avenue of the Americas, 6th Floor
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New York, New York 10179
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New York, New York 10020
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USA
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USA
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Attn: Liability Management Group
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Attn: Liability Management
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Collect: +1 (212)
834-8553
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U.S.: +1 (212)
405-7481
|
U.S. Toll-Free: +1 (866)
834-4666
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U.S. Toll-Free: +1 (877)
744-4532
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Email: JPM_LM@jpmorgan.com
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Intl: +44 20 7577 4048/4218
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Email:
DCM-LM@int.sc.mufg.jp
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The Co-Dealer Managers for the Tender Offers are:
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BBVA
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Mizuho Securities
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SMBC Nikko
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1345 Avenue of the
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320 Park Avenue
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277 Park Avenue
|
Americas, 44
th
Floor
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New York, New York 10022
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New York, New York 10172
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New York, New York 10105
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USA
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USA
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USA
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The Tender and Information Agent for the Tender Offers is:
Global Bondholder Services Corporation
65 Broadway Suite 404
New
York, New York 10006
Attention: Corporate Actions
Bank and Brokers Call Collect: (212) 430-3774
All Others Please Call Toll-Free: (866) 470-3800
Fax: (212) 430-3775 or (212) 430-3779
4
Further information on BHP can be found at:
bhp.com
|
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Media Relations
|
|
Investor Relations
|
|
|
Email:
media.relations@bhpbilliton.com
|
|
Email:
investor.relations@bhpbilliton.com
|
|
|
Australia and Asia
Ben Pratt
Tel: +61 3 9609 3672 Mobile: +61 419 968 734
Fiona Hadley
Tel: +61 3 9609 2211 Mobile: +61 427 777 908
|
|
Australia and Asia
Tara Dines
Tel: +61 3 9609 2222 Mobile: +61 499 249 005
Andrew Gunn
Tel: +61 3 9609 3575 Mobile: +61 402 087 354
|
|
|
United Kingdom and South Africa
Neil Burrows
Tel: +44 20 7802 7484 Mobile: +44 7786 661
683
|
|
United Kingdom and South Africa
Rob Clifford
Tel: +44 20 7802 4131 Mobile: +44 7788 308
844
|
North America
|
|
Elisa Morniroli
|
|
Tel: +44 20 7802 7611 Mobile: +44 7825 926 646
|
Bronwyn Wilkinson
|
|
|
Mobile: +1 604 340 8753
|
|
Americas
|
|
|
Judy Dane
|
|
James Wear
|
Tel: +1 713 961 8283 Mobile: +1 713 299 5342
|
|
Tel: +1 713 993 3737 Mobile: +1 347 882 3011
|
|
|
|
BHP Billiton Limited ABN 49 004 028 077
LEI
WZE1WSENV6JSZFK0JC28
Registered in Australia
Registered
Office: Level 18, 171 Collins Street
Melbourne Victoria 3000 Australia
Tel +61 1300 55 4757 Fax +61 3 9609 3015
|
|
BHP Billiton Plc Registration number 3196209
LEI 549300C116EOWV835768
Registered in England and Wales
Registered Office: Nova South, 160 Victoria Street
London SW1E
5LB United Kingdom
Tel +44 20 7802 4000 Fax +44 20 7802 4111
|
Members of the BHP Group which is
headquartered in Australia
Follow us on social media
5
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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BHP Billiton Limited and BHP Billiton Plc
|
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Date: September 08, 2017
|
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By:
|
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/s/ Rachel Agnew
|
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|
|
Name:
|
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Rachel Agnew
|
|
|
|
|
Title:
|
|
Company Secretary
|
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