Anheuser-Busch InBev Announces Pricing of USD 5,250,000,000 Notes
OREANDA-NEWS. Anheuser-Busch InBev Finance Inc. (Ў°ABIFIЎ± or the Ў°IssuerЎ±), a subsidiary of Anheuser-Busch InBev SA/NV (Ў°AB InBevЎ±) (Euronext: ABI) (NYSE: BUD), announced today that it has completed the pricing of USD 5,250,000,000 aggregate principal amount of bonds, consisting of USD 1,200,000,000 aggregate principal amount of fixed rate notes due 2017; USD 300,000,000 aggregate principal amount of floating rate notes due 2017; USD 1,250,000,000 aggregate principal amount of fixed rate notes due 2019; USD 250,000,000 aggregate principal amount of floating rate notes due 2019; USD 1,400,000,000 aggregate principal amount of fixed rate notes due 2024; and USD 850,000,000 aggregate principal amount of fixed rate notes due 2044. The fixed rate notes will bear interest at an annual rate of 1.125% for the 2017 notes; 2.150% for the 2019 notes; 3.700% for the 2024 notes; and 4.625% for the 2044 notes. The floating rate notes will bear interest at an annual rate of 19.00 basis points above three-month LIBOR for the 2017 floating rate notes and 40.00 basis points above three-month LIBOR for the 2019 floating rate notes. The notes will mature on 27 January 2017 in the case of the 2017 fixed rate and floating rate notes; on 1 February 2019 in the case of the 2019 fixed rate and floating rate notes; on 1 February 2024 in the case of the 2024 notes; and on 1 February 2044 in the case of the 2044 notes. The issuance is expected to close on 27 January 2014 subject to customary closing conditions.
The notes will be issued by ABIFI and will be fully, unconditionally and irrevocably guaranteed by AB InBev, BrandBrew S.A., Brandbev S.Ёў r.l., Cobrew NV/SA, Anheuser-Busch InBev Worldwide Inc. and Anheuser-Busch Companies, LLC. The Notes will be senior unsecured obligations of the Issuer and will rank equally with all other existing and future unsecured and unsubordinated debt obligations of the Issuer.
The notes are denominated in U.S. dollars, and both principal and interest will be paid in U.S. dollars as further described in the preliminary prospectus supplement dated 22 January 2014 filed with the U.S. Securities and Exchange Commission (the Ў°SECЎ±) and available on www.sec.gov <http://www.sec.gov/>. Interest on the 2017 fixed rate notes will be paid semi-annually in arrears on 27 January and 27 July, starting on 27 July 2014. Interest on the 2019, 2024, and 2044 fixed rate notes will be paid semi-annually in arrears on 1 February and 1 August, starting on 1 August 2014. Interest on the 2017 floating rate notes will be paid quarterly in arrears on 27 January, 27 April, 27 July and 27 October, starting on 27 April 2014. Interest on the 2019 floating rate notes will be paid quarterly in arrears on 1 February, 1 May, 1 August and 1 November, starting on 1 May 2014.
The net proceeds of the offering will be used for general corporate purposes and pre-funding of financing related to the announced reacquisition of Oriental Brewery. The notes were offered as a registered offering under AB InBev's shelf registration statement filed on Form F-3 with the SEC on 21 December 2012.
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