TIDMBLT

RNS Number : 5103R

BHP Billiton PLC

22 September 2017

NEWS RELEASE

 
Release Time     IMMEDIATE 
Date             22 September 2017 
Release Number   31/17

Final Results of BHP's US Tender Offers

BHP announced today the final results of its US Tender Offers which formed part of a global multi-currency bond repurchase plan launched on 21 August 2017.

BHP has used its strong cash position to fund the US$2.9 billion global multi-currency bond repurchase plan. In total, BHP spent US$1.9 billion repurchasing Euro and GBP bonds and US$1.0 billion repurchasing US bonds. Early repayment of these bonds has extended BHP's average debt maturity profile and enhanced BHP's capital structure.

US Tender Offers

BHP Billiton Finance (USA) Limited (the Company), a wholly-owned subsidiary of BHP Billiton Limited, today announced the expiration of its previously announced tender offers for an aggregate purchase price (excluding accrued and unpaid interest) of up to US$1,000,000,000 (the Offer Cap) of its US$529,978,000 3.250% Senior Notes due 2021 (the 2021 Notes), its US$859,938,000 2.875% Senior Notes due 2022 (the 2022 Notes) and its US$1,500,000,000 3.850% Senior Notes due 2023 (the 2023 Notes, and together with the 2021 Notes and the 2022 Notes, the Notes) (the Tender Offers).

The Tender Offers were made pursuant to the terms and conditions set forth in the offer to purchase dated 21 August 2017 (the Offer to Purchase). Terms not defined in this announcement have the meanings given to them in the Offer to Purchase.

The Tender Offers expired at 11:59 p.m., New York City time, on 21 September 2017. As announced on 8 September 2017, the Offer Cap of US$1,000,000,000 had been reached as of the Early Tender Date of 7 September 2017.

With the completion of the Tender Offers, the Company will have repurchased an aggregate principal amount of US$923,532,000 of several series of its outstanding notes, as set out in the table below:

 
 Title of Security    CUSIP/ISIN     Principal amount   Principal amount 
                         Number          purchased         outstanding 
                                                         after purchase 
------------------  --------------  -----------------  ----------------- 
   3.850% Senior      055451AU2/      US$765,587,000     US$734,413,000 
   Notes due 2023     US055451AU28 
------------------  --------------  -----------------  ----------------- 
   2.875% Senior      055451AQ1/      US$157,945,000     US$701,993,000 
   Notes due 2022     US055451AQ16 
------------------  --------------  -----------------  ----------------- 
   3.250% Senior      055451AL2/           US$0          US$529,978,000 
   Notes due 2021     US055451AL29 
------------------  --------------  -----------------  -----------------

Legal Notices

This announcement is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities.

None of the Company, the Guarantors, the Dealer Managers or their affiliates, their respective boards of directors, the Tender and Information Agent, the Notes trustee or any of their respective affiliates makes any recommendation, or has expressed an opinion, as to whether or not Holders should tender their Notes, or refrain from doing so, pursuant to the Tender Offers.

The Company has not filed this announcement or the Offer to Purchase with, and they have not been reviewed by, any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Tender Offers, and it is unlawful and may be a criminal offense to make any representation to the contrary.

United Kingdom. The communication of the Offer to Purchase and any other documents or materials relating to the Tender Offers were not being made by, and such documents and/or materials have not been approved, by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended. Accordingly, the Offer to Purchase and such documents and/or materials were not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of the Offer to Purchase and such documents and/or materials as a financial promotion was only being directed at and made to (i) persons who are outside the United Kingdom, (ii) investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the Financial Promotion Order)), (iii) high net worth entities and other parties falling within Article 49(2)(a) to (d) of the Financial Promotion Order, or (iv) any other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as Relevant Persons) and the transactions contemplated herein were be available only to, and engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act on or rely on the Offer to Purchase or any of its contents.

Further information on BHP can be found at: bhp.com

 
Media Relations                            Investor Relations 
 
 Email: media.relations@bhpbilliton.com     Email: investor.relations@bhpbilliton.com 
 
Australia and Asia                         Australia and Asia 
 
 Ben Pratt                                  Tara Dines 
 Tel: +61 3 9609 3672                       Tel: +61 3 9609 2222 
 Mobile: +61 419 968                        Mobile: +61 499 249 
 734                                        005 
 Fiona Hadley 
 Tel: +61 3 9609 2211                       Andrew Gunn 
 Mobile: +61 427 777                        Tel: +61 3 9609 3575 
 908                                        Mobile: +61 402 087 
                                            354 
 United Kingdom and South 
 Africa                                     United Kingdom and South 
                                            Africa 
 Neil Burrows 
 Tel: +44 20 7802 7484                      Rob Clifford 
 Mobile: +44 7786 661                       Tel: +44 20 7802 4131 
 683                                        Mobile: +44 7788 308 
                                            844 
 North America 
                                            Elisa Morniroli 
 Bronwyn Wilkinson                          Tel: +44 20 7802 7611 
 Mobile: +1 604 340 8753                    Mobile: +44 7825 926 
                                            646 
 Judy Dane 
 Tel: +1 713 961 8283                       Americas 
 Mobile: +1 713 299 5342 
                                            James Wear 
                                            Tel: +1 713 993 3737 
                                            Mobile: +1 347 882 3011 
BHP Billiton Limited                       BHP Billiton Plc Registration 
 ABN 49 004 028 077                         number 3196209 
 LEI WZE1WSENV6JSZFK0JC28                   LEI 549300C116EOWV835768 
 Registered in Australia                    Registered in England 
 Registered Office: Level                   and Wales 
 18, 171 Collins Street                     Registered Office: Nova 
 Melbourne Victoria 3000                    South, 160 Victoria 
 Australia                                  Street 
 Tel +61 1300 55 4757                       London SW1E 5LB United 
 Fax +61 3 9609 3015                        Kingdom 
                                            Tel +44 20 7802 4000 
                                            Fax +44 20 7802 4111 
 
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 headquartered in Australia 
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This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 22, 2017 02:00 ET (06:00 GMT)

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