| Fri 11 Jul 2008, 14:00 | | SAB - SABMiller Plc - SABMiller Announces US$1.25 Billion Bond Issue |
|
SAB
SOSAB
SAB - SABMiller Plc - SABMiller Announces US$1.25 Billion Bond Issue
SABMiller Plc
JSE ALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller announces US$1.25 billion bond issue
11 July 2008
SABMiller plc (the "Company") announces that it has successfully priced a
US$1.25 billion bond issue. The notes (the "Notes") will be issued pursuant to
Rule 144A under the US Securities Act of 1933, as amended (the "Securities
Act"), in two tranches:
US$550 million of 5.5-year notes with a coupon of 5.70%; and
US$700 million of 10-year notes with a coupon of 6.50%.
The net proceeds of the offering of the Notes will be used by the Company to
repay certain existing indebtedness. The issues are scheduled to close on 17
July 2008 subject to customary conditions.
Malcolm Wyman, Chief Financial Officer, said "We are very pleased that US bond
investors have reaffirmed their recognition of the strength of the company`s
broad geographical business spread, leading brand portfolios and cash flow
generation to enable us to undertake this important refinancing at highly
competitive levels."
This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan. It does not constitute an offer to
sell or the solicitation of an offer to buy securities discussed herein or an
invitation or inducement to purchase such securities.
The Notes have not been, and will not be, registered under the Securities Act
and may not be offered or sold in the United States (as such term is defined in
Regulation S under the Securities Act) unless they are registered under the
Securities Act or pursuant to an exemption from registration. No public offer
of the Notes is being made in the United States.
This announcement does not constitute or form part of any offer or any
solicitation to purchase nor shall it, or the fact of its distribution, form the
basis of, or be relied on in any purchase. This announcement and any subsequent
offer of securities may be restricted by law in certain jurisdictions and
persons receiving this announcement or any subsequent offer should inform
themselves about and observe any such restriction. Failure to comply with such
restrictions may violate securities laws of any such jurisdiction.
Any application for or purchase of securities issued by SABMiller should only be
made on the basis of the information contained in the formal prospectus to be
issued later today (the "Prospectus") and any supplement or amendment thereto.
The Prospectus will contain detailed information about the Issuer and its
management, as well as financial statements and other financial data.
Ends
Notes to editors
SABMiller
SABMiller plc is one of the world`s largest brewers with brewing interests or
distribution agreements in over 60 countries across six continents. The group`s
brands include premium international beers such as Miller Genuine Draft, Peroni
Nastro Azzurro, Grolsch and Pilsner Urquell, as well as an exceptional range of
market leading local brands. Outside the USA, SABMiller plc is also one of the
largest bottlers of Coca-Cola products in the world. In the year ended March 31,
2008, the group reported $3,560 million operating profit before exceptional
items and revenue of $21,410 million. SABMiller plc is listed on the London and
Johannesburg stock exchanges. For more information on SABMiller plc, visit the
company`s website: www.sabmiller.com.
High resolution images are available for the media to view and download free of
charge from www.sabmiller.com or www.newscast.co.uk
Enquiries
SABMiller plc
Tel: +44 20 7659 0100
Sue Clark
Director of Corporate Affairs
Tel: +44 20 7659 0184
David Mallac
Group Treasurer
Tel: +44 14 8326 4000
Gary Leibowitz
Senior Vice President, Investor Relations
Tel: +44 20 7659 0174
Nigel Fairbrass
Head of Media Relations
Tel: +44 7799 894 265
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of the Company or any of
its affiliates in any jurisdiction or an inducement to enter into investment
activity.
Any information contained in this announcement on the price at which the
Company`s securities have been bought or sold in the past, or on the yield on
such securities, should not be relied upon as a guide to future performance.
Date: 11/07/2008 13:59:59 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
