British American Tobacco to offer notes due 2027, 2030, 2050

By Marisa Wong

Los Angeles, March 30 – B.A.T. Capital Corp. plans to issue dollar-denominated notes due 2027, 2030 and 2050, according to a 424B2 filing with the Securities and Exchange Commission.

British American Tobacco plc, B.A.T. International Finance plc, B.A.T. Netherlands Finance BV and Reynolds American Inc. are the guarantors.

Barclays, BofA Securities Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC and Santander Investment Securities Inc. are the joint bookrunners for the offering. Bank of China Ltd. London Branch, Commerz Markets LLC, SMBC Nikko Securities America Inc. and UniCredit Capital Markets LLC are other underwriters.

Proceeds will be used for general corporate purposes, including the potential repayment of upcoming maturities.

British American Tobacco is a London-based international tobacco company.

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