| Mon 23 Aug 2010, 8:00 | | SAB - SABMiller Plc - Solicitation of consents relating to guaranteed notes |
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SAB
SOSAB
SAB - SABMiller Plc - Solicitation of consents relating to guaranteed notes
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB004835483
(the "Company")
August 23, 2010
Solicitation of Consents Relating to the $300,000,000 of 6.625% Guaranteed
Notes due August 15, 2033 (the "Notes")
Rule 144A Note CUSIP No. 78572MAA3 / ISIN US78572MAA36
Regulation S Note CUSIP No. G77395AA2 / ISIN USG77395AA27
SABMiller plc on August 20, 2010 announced the commencement of a consent
solicitation relating to the Notes as described in a solicitation statement
(the "Solicitation Statement") issued to holders of the Notes on that day.
The Company is seeking a consent to certain amendments and waivers in
respect of the fiscal and paying agency agreement between the Company,
MillerCoors LLC (the "US Guarantor") and The Bank of New York Mellon as
Fiscal Agent as amended pursuant to which the Notes were issued and to the
guarantee by the US Guarantor in relation thereto.
The purpose of the proposed consents is a) to release the US Guarantor of
its guarantee of payment of principal of and interest on the Notes, b)
amend both the cross acceleration threshold for present and future
indebtedness, currently $20,000,000, and the threshold for events of
defaults relating to a distress, attachment, execution or other legal
process on the property of the Company, currently $50,000,000, to
$125,000,000 and c) to consent to certain other procedural amendments. The
consent solicitation will expire on September 9, 2010, unless it is
withdrawn or extended prior to that date.
J.P. Morgan Securities Inc. is acting as Solicitation Agent for the consent
solicitation. Global Bondholder Services Corporation is acting as
Information and Tabulation Agent. Any questions or requests for assistance
may be directed to the Solicitation Agent or the Information and Tabulation
Agent at their respective addresses/telephone numbers set out below.
Requests for copies of the Solicitation Statement and other related
materials should be directed to the Information and Tabulation Agent.
The Solicitation Statement contains important information and should be
read carefully before any decision is made with respect to the consent
solicitation referred to above. The Solicitation is not being made in any
jurisdiction where the conduct of the Solicitation would violate applicable
law. This announcement does not constitute a recommendation regarding the
consent solicitation.
SABMiller plc
Solicitation Agent
J.P. Morgan Securities Inc.
Liability Management Group
383 Madison Avenue
New York, New York 10179
Call Toll-Free in the US (866) 834-4666
Call Collect in the US (212) 834-4802
Information and Tabulation Agent.
Global Bondholder Services Corporation
65 Broadway - Suite 404
New York, New York 10006
Attn: Corporate Actions
+1 (212) 430-3774
Call Toll-Free in the US (866) 873-6300
SABMiller plc
+44 (0) 1483 264 000
David Mallac
Group Treasurer
SABMiller plc
Philip Learoyd
Head of Funding Treasury Risk
SABMiller plc
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc or
any of its affiliates in any jurisdiction or an inducement to enter into
investment activity.
A copy of the Solicitation Statement will be available for inspection at
the Document Viewing facility of the United Kingdom Financial Services
Authority, 25 The North Colonnade, London E14 5HS, England.
About SABMiller plc
SABMiller is one of the world`s largest brewers with brewing interests and
distribution agreements across six continents. The group`s wide portfolio
of brands includes premium international beers such as Pilsner Urquell,
Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading
local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie.
SABMiller is also one of the world`s largest bottlers of Coca-Cola
products.
In the year ended 31 March 2010, the group reported US$3,803 million in
adjusted pre-tax profit and group revenue of US$26,350 million. SABMiller
plc is listed on the London and Johannesburg stock exchanges.
This announcement is available on the company website and high resolution
images are available for the media to view and download free of charge from
the Image Library in the News and media section of www.sabmiller.com.
Date: 23/08/2010 08:00:01 Produced by the JSE SENS Department.
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