Royal Dutch Shell plc Shell International Finance B.V. Announces Notice Of Redemption Of All Of Its Outstanding 2.375% Guaranteed Notes Due 2022, 2.250% Guaranteed Notes Due 2023, 3.400% Guaranteed Notes Due 2023 And 2.375% Guaranteed Notes Due 2025
November 22 2021 - 9:04AM
UK Regulatory
TIDMRDSA TIDMRDSB
Shell International Finance B.V. announces notice of redemption
of
all of its outstanding 2.375% Guaranteed Notes due 2022, 2.250%
Guaranteed Notes due 2023, 3.400% Guaranteed Notes due 2023 and
2.375% Guaranteed Notes due 2025
November 22, 2021 -- Shell International Finance B.V. (the
"Issuer"), a finance subsidiary of Royal Dutch Shell plc, announced
that it has sent a notice of redemption in respect of the $1.0
billion outstanding principal amount of the Issuer's 2.375%
Guaranteed Notes due 2022, the $1.0 billion outstanding principal
amount of the Issuer's 2.250% Guaranteed Notes due 2023, the $1.0
billion outstanding principal amount of the Issuer's 3.400%
Guaranteed Notes due 2023 and the $1.5 billion outstanding
principal amount of the Issuer's 2.375% Guaranteed Notes due 2025
(collectively, the "Notes").
The redemption date will be December 22, 2021 (the "Redemption
Date").
In accordance with the terms and conditions set forth in the
Notes and the indenture governing the Notes, the Notes will be
redeemed at a redemption price equal to the greater of (a) 100% of
the principal amount of the Notes being redeemed and (b) the sum of
the present values of the remaining scheduled payments of principal
and interest on the Notes to be redeemed (exclusive of interest
accrued to the Redemption Date) discounted to the Redemption Date
of redemption on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the applicable Treasury Rate
(as defined in the Notes) plus 15 basis points in the case of the
2.375% Notes due 2022, 10 basis points in the case of the 2.250%
Notes due 2023, 12 basis points in the case of the 3.400% Notes due
2023 and 35 basis points in the case of the 2.375% Notes due 2025,
plus, in each case, accrued but unpaid interest on the principal
amount being redeemed to the Redemption Date.
The details concerning the terms and conditions of the
redemption are fully described in the notice of redemption sent to
holders of the Notes. This release is not a notice of redemption.
The redemption will be made solely pursuant to the notice of
redemption.
This release does not constitute an offer to buy or sell or the
solicitation of an offer to sell or buy securities, nor shall there
be any sale of securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward Looking Statements
This release contains forward-looking statements (within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995) concerning the financial condition, results of operations and
businesses of Shell. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking
statements. Forward-looking statements are statements of future
expectations that are based on management's current expectations
and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in
these statements. Forward-looking statements include, among other
things, statements concerning the potential exposure of Shell to
market risks and statements expressing management's expectations,
beliefs, estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and
phrases such as "aim", "ambition", "anticipate", "believe",
"could", "estimate", "expect", "goals", "intend", "may",
"milestones", "objectives", "outlook", "plan", "probably",
"project", "risks", "schedule", "seek", "should", "target", "will"
and similar terms and phrases. There are a number of factors that
could affect the future operations of Shell and could cause those
results to differ materially from those expressed in the
forward-looking statements included in this release, including
(without limitation): (a) price fluctuations in crude oil and
natural gas; (b) changes in demand for Shell's products; (c)
currency fluctuations; (d) drilling and production results; (e)
reserves estimates; (f) loss of market share and industry
competition; (g) environmental and physical risks; (h) risks
associated with the identification of suitable potential
acquisition properties and targets, and successful negotiation and
completion of such transactions; (i) the risk of doing business in
developing countries and countries subject to international
sanctions; (j) legislative, judicial, fiscal and regulatory
developments including regulatory measures addressing climate
change; (k) economic and financial market conditions in various
countries and regions; (l) political risks, including the risks of
expropriation and renegotiation of the terms of contracts with
governmental entities, delays or advancements in the approval of
projects and delays in the reimbursement for shared costs; (m)
risks associated with the impact of pandemics, such as the COVID-19
(coronavirus) outbreak; and (n) changes in trading conditions. No
assurance is provided that future dividend payments will match or
exceed previous dividend payments. All forward-looking statements
contained in this release are expressly qualified in their entirety
by the cautionary statements contained or referred to in this
section. Readers should not place undue reliance on forward-looking
statements. Additional risk factors that may affect future results
are contained in Royal Dutch Shell plc's Form 20-F for the year
ended December 31, 2020 (available at www.shell.com/investor and
www.sec.gov). These risk factors also expressly qualify all
forward-looking statements contained in this release and should be
considered by the reader. Each forward-looking statement speaks
only as of the date of this release, November 22, 2021. Neither
Royal Dutch Shell plc nor any of its subsidiaries undertake any
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other
information. In light of these risks, results could differ
materially from those stated, implied or inferred from the
forward-looking statements contained in this release.
Enquiries
Media International: +44 (0)207 934 5550
(END) Dow Jones Newswires
November 22, 2021 09:04 ET (14:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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