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AngloGold wraps tenders for $725.9 million 3.5% convertibles due 2014
By Susanna Moon
Chicago, Aug. 23 - AngloGold Ashanti Holdings plc said it accepted tenders for $725.9 million of its $732.5 million of outstanding 3.5% guaranteed convertible bonds due 2014.
The tender offer ended at 11:59 p.m. ET on Aug. 21. The offer was announced on July 24.
The company was to pay a total purchase price of $743,210,698.38 to settle the tendered notes on Aug. 23, according to a company press release.
As previously announced, the purchase price was to be $1,015 for each $1,000 principal amount plus accrued interest up to but excluding the payment date.
After settlement, $6.6 million principal amount of bonds will remain outstanding.
AngloGold said it plans to redeem the remaining bonds at par plus accrued interest up to but excluding the redemption date.
The main purpose of the offer was to refinance the bonds, and the offer was to 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 previous press release.
The offer was not subject to any minimum tender condition.
The dealer managers were 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 was 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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