Anheuser Busch to accept tenders for $1.76 billion of three series

By Sarah Lizee

Olympia, Wash., July 2 – Anheuser Busch InBev SA/NV announced the results Anheuser-Busch InBev Finance Inc.’s cash tender offers for any and all of three series of its notes.

By the expiration time, 5 p.m. ET on July 1, holders had tendered $1,762,589,000 of the notes under the offers. In addition, $2,513,000 were tendered under guaranteed delivery procedures.

The following notes were tendered under the offer, with the considerations listed per $1,000 principal amount:

• $130.33 million of the $311 million floating-rate notes due 2021 (Cusip: 035242AK2) for a consideration of $1,007.50;

• $167.35 million of the $643 million 2.625% notes due 2023 (Cusip: 035242AA4) for a consideration of $1,051.25; and

• $1,467,422,000 of the $2,799,000,000 3.3% notes due 2023 (Cusip: 035242AL0) for a consideration of $1,065.00.

The company said it expects to accept all notes tendered under the offers for purchase.

Holders will also receive accrued interest.

Settlement is expected on July 7.

There was no minimum tender condition, but consummation of the offers were subject to some other conditions.

The offers were announced on June 25.

Global Bondholder Services Corp. (866 470-3900, 212 430-3774 for contact@gbsc-usa.com) is the tender and information agent.

The dealer managers are BofA Securities, Inc. (704 560-7937 or 888 292-0070), Deutsche Bank Securities (212 250-2955 or 866 627-0391) and J.P. Morgan Securities LLC (212 384-2042 or 866 834-4666).

Anheuser Busch InBev announced a separate concurrent capped tender offer for up to €2 billion of four series of its notes, as previously reported.

The beer brewer is based in Leuven, Belgium.

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