TIDM92PG
RNS Number : 0228S
Anheuser-Busch InBev SA/NV
03 July 2020
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS
(INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF
THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S.
PERSON (AS DEFINED IN THE TENDER OFFER MEMORANDUM) OR IN OR INTO
ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
3 July 2020
ANHEUSER BUSCH INBEV SA/NV ANNOUNCES FINAL RESULTS OF ITS TENDER
OFFERS
On 25 June 2020, Anheuser Busch InBev SA/NV (the "Issuer")
launched separate invitations to holders of its outstanding (i) EUR
750,000,000 4.00 per cent. Notes due 2021 (ISIN: BE6221503202) (the
"June 2021 Notes"), (ii) EUR 650,000,000 1.950 per cent. Notes due
2021 (ISIN: BE6265141083) (the "September 2021 Notes"), (iii) EUR
2,000,000,000 0.875 per cent. Notes due 2022 (ISIN: BE6285452460)
(the "March 2022 Notes") and (iv) EUR 1,000,000,000 0.800 per cent.
Notes due 2023 (ISIN: BE6276039425) (the "April 2023 Notes") (each
a "Series" and together the "Notes") to tender such Notes for
purchase by the Issuer for cash (each such invitation an "Offer"
and together the "Offers"). The Offers were made on the terms and
subject to the conditions contained in the tender offer memorandum
dated 25 June 2020 (the "Tender Offer Memorandum") and are subject
to the offer restrictions more fully described in the Tender Offer
Memorandum. Capitalised terms used and not otherwise defined in
this announcement have the meanings given in the Tender Offer
Memorandum.
The Issuer today announces that it will accept validly tendered
Notes pursuant to the Offers for purchase in cash in an aggregate
principal amount of EUR 1,065,708,000, of which (i) an amount of
EUR 230,628,000 in principal amount relates to the June 2021 Notes,
(ii) an amount of EUR 123,487,000 in principal amount relates to
the September 2021 Notes, (iii) an amount of EUR 355,924,000 in
principal amount relates to the March 2022 Notes and (iv) an amount
of EUR 355,669,000 in principal amount relates to the April 2023
Notes.
The final results of the Offers are as follows:
Aggregate Fixed Aggregate Series
Description of Principal Amount Purchase Principal Acceptance Pro-ration
Notes ISIN Outstanding Yield Purchase Price* Amount Tendered Amount Factor
------------------ -------------- ------------------- ---------- -------------------- ---------------- ---------------- -----------
EUR 750,000,000
4.00 per cent.
Notes due 2021 EUR 1,036.63
(the "June 2021 -0.05 per (103.663 per cent. Not
Notes") BE6221503202 EUR 750,000,000 cent. of principal) EUR 230,628,000 EUR 230,628,000 Applicable
EUR 650,000,000 BE6265141083 EUR 650,000,000 -0.05 per EUR 1,024.66 EUR 123,487,000 EUR 123,487,000 Not
1.950 per cent. cent. (102.466 per cent. Applicable
Notes due 2021 of principal)
(the "September
2021 Notes")
EUR 2,000,000,000 BE6285452460 EUR 2,000,000,000 -0.05 per EUR 1,015.67 EUR 355,924,000 EUR 355,924,000 Not
0.875 per cent. cent. (101.567 per cent. Applicable
Notes due 2022 of principal)
(the "March 2022
Notes")
EUR 1,000,000,000 BE6276039425 EUR 1,000,000,000 -0.05 per EUR 1,023.71 EUR 355,669,000 EUR 355,669,000 Not
0.800 per cent. cent. (102.371 per cent. Applicable
Notes due 2023 of principal)
(the "April 2023
Notes")
* Shown per EUR 1,000 in principal amount of the relevant Notes.
The Issuer will also pay an Accrued Interest Payment in respect
of Notes accepted for purchase pursuant to the Offers.
The Offers remain subject to the conditions and restrictions set
out in the Tender Offer Memorandum. The expected Settlement Date is
7 July 2020.
All Notes repurchased pursuant to the Offers will be
cancelled.
Full details concerning the Offers are set out in the Tender
Offer Memorandum.
BNP Paribas (Telephone: +33 1 55 77 78 94; Email:
liability.management@bnpparibas.com; Attention: Liability
Management Group) and Deutsche Bank Aktiengesellschaft (Telephone:
+44 (0)20 7545 8011; Attention: Liability Management Group) are
acting as Dealer Managers and Lucid Issuer Services Limited
(Telephone: +44 20 7704 0880; Email: ab-inbev@lucid-is.com;
Attention: Thomas Choquet) is acting as Tender Agent.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 ("MAR").
FOR THE PURPOSES OF MAR AND ARTICLE 2 OF COMMISSION IMPLEMENTING
REGULATION (EU) 2016/1055, THIS ANNOUNCEMENT IS MADE BY DANIEL
STROTHE.
DISCLAIMER This announcement must be read in conjunction with
the Tender Offer Memorandum. No offer or invitation to acquire or
sell any securities is being made pursuant to this announcement.
The Dealer Managers do not take responsibility for the contents of
this announcement. The distribution of this announcement and the
Tender Offer Memorandum in certain jurisdictions may be restricted
by law. Persons into whose possession this announcement and/or the
Tender Offer Memorandum come into are required by each of the
Issuer, the Dealer Managers and the Tender Agent to inform
themselves about, and to observe, any such restrictions.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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