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AngloGold gives details of tender offer for 3.5% convertibles due 2014
By Susanna Moon
Chicago, July 25 - AngloGold Ashanti Holdings plc gave more details of the cash tender offer for its $732.5 million outstanding 3.5% guaranteed convertible bonds due 2014 that began Thursday, including contact information for the offer.
The tender offer will end at 11:59 p.m. ET on Aug. 21. The offer was announced July 24.
As previously announced, the purchase price will be $1,015 for each $1,000 principal amount plus accrued interest up to but excluding the settlement date, which will be Aug. 23.
Tendered notes may withdraw at any time before the offer expires.
The main purpose of the offer is to refinance the bonds, and the offer will be conditioned on the completion of financing, including the company's concurrent offering of notes, with enough proceeds to fund the offer, according to a company press release.
The offer is not subject to any minimum tender condition.
The dealer managers are Citigroup Global Markets Inc. (attn: liability management group, 800 558-3745, collect 212 723-6106, +44 20 7986-8969 or liabilitymanagement.europe@citi.com), Deutsche Bank Securities (attn: liability management group, 855 287-1922, collect 212 250-7527, +44 20 7545-8011 or liability.management@db.com) and Goldman Sachs & Co. (attn: liability management group, 800 828-3182, collect 212 902-6941, +44 20 7774-9862 or liabilitymanagement.eu@gs.com).
The depositary and information agent is Global Bondholder Services Corp. (attn: corporate actions, by fax 212 430-3775 and confirm fax by phone at 212 430-3774; banks and brokers call collect to 212 430-3774; all others call 866 470-3900; contact@gbsc-usa.com).
AngloGold Ashanti is a gold producer based in Johannesburg.
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