Anheuser Busch tenders for up to €2 billion of four series of notes

By Sarah Lizee

Olympia, Wash., June 25 – Anheuser Busch InBev SA/NV launched separate cash tender offers for up to €2 billion of four series of notes, according to a London Stock Exchange notice.

The following notes are included in the tender offer:

• €750 million 4% notes due 2021 (ISIN: BE6221503202);

• €650 million 1.95% notes due 2021 (ISIN: BE6265141083);

• €2 billion 0.875% notes due 2022 (ISIN: BE6285452460); and

• €1 billion 0.8% notes due 2023 (ISIN: BE6276039425).

For each series, pricing will be set using a purchase yield of negative 0.05%.

The expected purchase price for each series of the notes, assuming a settlement date of July 7, will be 103.663 for the 4% notes, 102.466 for the 1.95% notes, 101.567 for the 0.875% notes and 102.371 for the 0.8% notes.

Holders will also receive accrued interest.

The offer will expire at 11 a.m. ET on July 2.

Tendered notes accepted for purchase may be subject to pro rata scaling.

The dealer managers are BNP Paribas (+33 1 55 77 78 94 or liability.management@bnpparibas.com) and Deutsche Bank AG (+44 20 7545 8011) and the tender agent is Lucid Issuer Services Ltd. (+ 44 20 7704 0880, ab-inbev@lucid-is.com).

Anheuser Busch InBev Finance Inc. announced a separate concurrent U.S. tender offer for some of its notes, the release noted.

The beer brewer is based in Leuven, Belgium.

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