OREANDA-NEWS. September 23, 2016. Altria Group, Inc. (Altria) (NYSE:MO) today announces the consummation
of and final results for its previously announced cash tender offer for
any and all of its senior unsecured 9.95% Notes due 2038 (the “2038
Notes”) and any and all of its senior unsecured 10.20% Notes due 2039
(the “2039 Notes” and, together with the 2038 Notes, the “Notes”). The
terms and conditions of the tender offer are described in the Offer to
Purchase, dated September 13, 2016 and the related Letter of Transmittal
and Notice of Guaranteed Delivery.
The tender offer for the Notes expired at 5:00 p.m., New York City time,
on Monday, September 19, 2016 (the “Expiration Time”).
The total aggregate principal amount of the 2038 Notes validly tendered
at or prior to the Expiration Time and not validly withdrawn and
accepted for purchase was \\$440,588,000, which amount includes the 2038
Notes delivered in accordance with guaranteed delivery procedures and
the total aggregate principal amount of the 2039 Notes validly tendered
at or prior to the Expiration Time and not validly withdrawn and
accepted for purchase was \\$492,000,000, which amount includes the 2039
Notes delivered in accordance with guaranteed delivery procedures.
The total consideration per \\$1,000 principal amount of each of the 2038
Notes accepted for purchase was \\$1,842.71, plus accrued and unpaid
interest from the last interest payment date up to, but not including,
the date hereof and the total consideration per \\$1,000 principal amount
of each of the 2039 Notes accepted for purchase was \\$1,884.63, plus
accrued and unpaid interest from the last interest payment date up to,
but not including, the date hereof. Payment for the purchased Notes was
made today.
This press release is neither an offer to sell nor a solicitation of
offers to buy any securities. The tender offer was made only pursuant to
the Offer to Purchase and the related Letter of Transmittal and Notice
of Guaranteed Delivery. The tender offer was not made to holders of
Notes in any jurisdiction in which the making or acceptance thereof
would not be in compliance with the securities, blue sky or other laws
of such jurisdiction. Please refer to the Offer to Purchase for a
description of offer terms, conditions, disclaimers and other
information applicable to the tender offer.
Altria’s Profile
Altria’s wholly-owned subsidiaries include Philip Morris USA Inc., U.S.
Smokeless Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste.
Michelle Wine Estates Ltd. (“Ste. Michelle”) and Philip Morris Capital
Corporation. Altria holds a continuing economic and voting interest in
SABMiller plc.
The brand portfolios of Altria’s tobacco operating companies include Marlboro®,
Black & Mild®, Copenhagen®,
Skoal®, MarkTen® and Green
Smoke®. Ste. Michelle produces and markets premium
wines sold under various labels, including Chateau Ste. Michelle®,
Columbia Crest®, 14 Hands® and
Stag’s Leap Wine Cellars™, and it imports and
markets Antinori®, Champagne Nicolas
Feuillatte™, Torres® and Villa
Maria Estate™ products in the United
States. Trademarks and service marks related to Altria referenced in
this release are the property of Altria or its subsidiaries or are used
with permission. More information about Altria is available at
altria.com and on the Altria Investor app.
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