Anglo American tenders for two dollar notes, euro note

Chicago, May 17 – Anglo American Capital plc launched a tender offer on Monday for up to $1 billion from three series of notes, two of them dollar-denominated and one euro-denominated, according to an announcement.

Anglo American is offering to buy notes from the following series, listed in order of acceptance priority level:

• $750 million outstanding 5.375% notes due April 1, 2025 (Cusips: 034863AV2, G0446NAQ7) to be priced using the 0.75% U.S. Treasury due April 30, 2026 plus 30 basis points for a hypothetical consideration of $1,156.20 per $1,000 note;

• $650 million outstanding 4.875% notes due May 14, 2025 (Cusips: 034863AP5, G0446NAJ3) to be priced using the 0.75% U.S. Treasury due April 30, 2026 plus 35 bps for a hypothetical consideration of $1,143.13 per $1,000 note; and

• €600 million outstanding 1.625% notes due Sept. 18, 2025 (ISIN: XS1686846061) to be priced based on mid-swaps plus 30 bps for a hypothetical consideration of €1,069.49 per €1,000 note.

The total considerations include an early tender payment of $30 per $1,000 note or €30 per €1,000 note for noteholders who tender by the early deadline. Accrued interest will also be paid.

Tenders may be subject to proration.

Details

The early tender deadline is 5 p.m. ET on May 28, also the withdrawal deadline.

Pricing will be determined at 10 a.m. ET on June 1.

Early settlement is scheduled for June 3.

The offer expires at 11:59 p.m. ET on June 14.

Final results will be announced on June 15 with final settlement expected for June 16.

The dealer managers are BBVA Securities Inc. (+44 20 7397 6061, 800 422-8692, 212 728-2446, liabilitymanagement@bbva.com), BNP Paribas (+33 1 55 77 78 9, 888 210-4358, 212 841-3059, liability.management@bnpparibas.com), Citigroup Global Markets Ltd. (liabilitymanagement.europe@citi.com, +44 20 7986 8969, 800 558-3745, 212 723-6106) and Morgan Stanley & Co. International plc (+44 20 7677 5040, 866 718-1649, liabilitymanagementeurope@morganstanley.com).

D.F. King & Co., Inc. (866 356-7813, 212 269-5550, London: +44 20 7920 9700, angloamerican@dfkingltd.com) is the information and tender agent for the offer.

Anglo American Capital is a London-based entity of the Johannesburg mining company, Anglo American plc.

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