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Anheuser-Busch prices cash tender offer for three series of notes
By Sarah Lizee
Olympia, Wash., Sept. 14 Anheuser-Busch InBev SA/NV announced the pricing for its cash any-and-all tender offers for the 1.5 billion floating-rate notes due 2024 (ISIN: BE6301509012), the 750 million 2.875% notes due 2024 (ISIN: BE6243179650) and the 2.5 billion 1.5% notes due 2025 (ISIN: BE6285454482), according to an announcement.
The purchase price for the floating-rate notes is 1,007.50 per 1,000 of notes.
Pricing for the 2.875% notes was set using the September 2024 interpolated swap rate plus 20 basis points, for a tender consideration of 1,126.35 per 1,000 of notes.
Pricing for the 1.5% notes was set using the March 2025 interpolated swap rate plus 22 bps, for a tender consideration of 1,077.57 per 1,000 of notes.
Holders will also receive accrued interest.
The offers will expire at 5 p.m. ET Sept. 14.
The offers are being made in order to reduce Anheuser-Buschs gross debt.
Barclays Bank plc (212 528-7581, 800 438-3242, +44 20 3134-8515; us.lm@barclays.com), BofA Securities (704 560-7937, +44 20 7996-5420; debt_advisory@bofa.com), Deutsche Bank Securities Inc. (212 250-2955, 866 627-0391), J.P. Morgan Securities plc (+44 20 7134-2468; liability_management_EMEA@jpmorgan.com) and Santander Investment Securities Inc. (212 940-1442, 855 404-3636, +44 20 7756-6909) are the dealer managers.
The tender agent is Lucid Issuer Services Ltd. (+ 44 20 7704 0880; ab-inbev@lucid-is.com).
The beer brewer is based in Leuven, Belgium.
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