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Anglo American to accept tenders for $240.31 million of 4.125% notes
By Sarah Lizee
Olympia, Wash., Sept. 15 – Anglo American Capital plc announced the results of the cash tender offer for any and all of its $600 million 4.125% senior securities due Sept. 27, 2022 (Cusips: 034863AG5, G03762CH5) guaranteed by Anglo American plc, according to a London Stock Exchange notice.
The offer expired at 5 p.m. ET on Sept. 14.
The company said that, subject to the satisfaction or waiver of the new issue condition on or before the settlement date, it will accept for purchase all $240,306,000 of the notes tendered under the offer.
Anglo said it did not receive any notices of guaranteed delivery.
As previously reported, pricing was set using the 0.125% Treasury due Aug. 31, 2022 plus 70 basis points for a purchase price of $1,066.06 per $1,000 of notes.
Holders will also receive accrued interest.
The company announced on Sept. 8 its intention to hold investor calls for new dollar benchmark-sized securities.
The purchase of any notes under the tender offer is subject to the successful completion of the new issue.
Holders who wish to subscribe for the new issue in addition to tendering their notes may receive priority in the allocation of the new issue.
Settlement is expected for Sept. 17.
The dealer manages are BNP Paribas (888 210-4358, +33 1 55 77 78 94, liability.management@bnpparibas.com), Goldman Sachs & Co. LLC (212 902-6351, 800 828-3182, +44 20 7552 6157, liabilitymanagement.eu@gs.com), HSBC Securities (USA) Inc. (212 525-5552, 888 HSBC 4LM, +44 20 7992 6237, liability.management@hsbcib.com) and Santander Investment Securities Inc. (212 940-1442, 855 404-3636, +44 7418 709 688).
The information and tender agent is D.F. King (angloamerican@dfkingltd.com, 212 269-5550, 877 864-5051, 212 709-3328, +44 20 7920 9700).
Anglo American Capital is a London-based entity of mining company Anglo American plc.
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