Sasol Financing USA to price two-part offering of guaranteed notes

By Marisa Wong

Los Angeles, March 8 – Sasol Financing USA LLC plans to price notes (BB) in two tranches guaranteed by parent company Sasol Ltd., according to a 424B5 filing with the Securities and Exchange Commission.

BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho International plc and MUFG are the joint active bookrunners. BofA Securities is also the global coordinator.

Proceeds will be used to repay debt outstanding under the company’s $3.9 billion revolving credit facility.

Sasol is an integrated chemicals and energy company based in Sandton, South Africa.

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