Anglo American gives early tender results for dollar notes, euro note

Chicago, June 1 – Anglo American Capital plc announced the early results of its cash tender offer 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 has received tenders for the following amounts of notes as of the 5 p.m. ET on May 28 early tender deadline:

• $557,223,000, and all to be accepted, of the $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;

• $400,088,000, and $311,197,000 to be accepted, of the $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

• A non-disclosed amount, as the cap has been met, of €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.

Details

The early deadline was also the withdrawal deadline.

Pricing was scheduled to 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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