AngloGold Ashanti Holdings plc Announces Pricing of Capped Cash Tender Offers for Part of Its 3.375% Notes Due 2028, 3.750% Notes Due 2030 and 6.500% Notes Due 2040
As of
The following table sets forth certain pricing information for the Offers, including the Total Consideration determined based on the Reference Yield of the applicable Reference Treasury Security at
|
Title of Security |
ISIN / CUSIP |
Principal Amount Outstanding |
Sub-Cap |
Principal Amount Tendered as of the Early Tender Time |
Principal Amount Accepted for Purchase |
Pro-Ration Factor |
Acceptance Priority Level |
Reference Yield |
Reference Security |
Fixed Spread (basis points)(1) |
Early Tender Payment |
Total Consideration(2) |
||||||||||||
|
3.375% notes due 2028 |
US03512TAF84 / 03512TAF8 |
|
N/A |
|
|
N/A |
1 |
3.796 % |
UST 3.500% due |
50 |
|
|
||||||||||||
|
3.750% notes due 2030 |
US03512TAE10 / 03512TAE1 |
|
N/A |
|
|
28.7775% |
2 |
3.917 % |
UST 3.875% due |
50 |
|
|
||||||||||||
|
6.500% notes due 2040 |
US03512TAB70 / 03512TAB7 |
|
|
|
|
N/A |
3 |
N/A |
UST 4.125% due |
140 |
|
N/A |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
The applicable Total Consideration is calculated with reference to the Fixed Spread in respect of the relevant series of Notes set out above and includes the Early Tender Payment. Each Total Consideration is calculated with reference to the relevant maturity date (or, as specified in the Offer to Purchase, the par call date) of the relevant Notes. | |
|
(2) |
Per |
|
|
(3) |
The aggregate maximum purchase price payable (exclusive of Accrued Interest) for the 2040 Notes pursuant to the relevant Offer is subject to a Sub-Cap of |
The Offeror plans to accept (i) the entire principal amount of the 2028 Notes tendered in the applicable Offer and (ii)
The amount of each series of Notes to be purchased in the Offers on the Early Settlement Date has been determined in accordance with the Acceptance Priority Level specified in the table above, with 1 being the highest Acceptance Priority Level and 3 being the lowest Acceptance Priority Level, subject to the Aggregate Cap, the Sub-Cap and the proration arrangements described in more detail in the Offer to Purchase.
The Offers are being made upon and are subject to the terms and conditions set forth in the Offer to Purchase. The Offers will expire at
Holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Time and whose Notes were accepted for purchase will receive the applicable Total Consideration, which already includes the Early Tender Payment specified in the table above. In addition to the applicable Total Consideration, Accrued Interest from and including the most recent interest payment date applicable to the relevant series of Notes up to, but not including, the Early Settlement Date will be paid in cash on all validly tendered Notes accepted for purchase as described in the Offer to Purchase.
The Total Consideration and the Accrued Interest for the Notes accepted for purchase in the Offers is expected to be paid on the Early Settlement Date. The Early Settlement Date is expected to be
The Offeror’s obligation to accept for payment and pay for the Notes validly tendered in the Offers is subject to the satisfaction or waiver of the conditions described in the Offer to Purchase.
Notes that are accepted in the Offers will be purchased by the Offeror and cancelled and will no longer remain outstanding obligations of the Offeror.
FURTHER INFORMATION
Questions and requests for assistance in connection with the Offers may be directed to the Dealer Managers:
|
Citigroup Centre
Attention:
Liability
In +44 20 7986 8969
In Toll Free: +1 800 558 3745 Collect: +1 212 723 6106 Email: |
Attention:
Liability Toll Free: +1 (800) 828-3182
Email: |
Questions and requests for assistance in connection with the tender of Notes including requests for a copy of the Offer to Purchase may be directed to:
| INFORMATION & TENDER AGENT |
|
|
|
|
|
|
|
|
|
|
| Attention: |
| Telephone: +44 20 7704 0880 |
| E-mail: anglogoldashanti@is.kroll.com |
| Offer Website: https://deals.is.kroll.com/anglogoldashanti |
NOTICE AND DISCLAIMER
Subject to applicable law, the Offeror or any of its affiliates may, at any time and from time to time, acquire Notes, other than pursuant to the Offers, through open market or privately negotiated transactions, through tender offers, exchange offers, redemptions or otherwise, or the Offeror may redeem Notes pursuant to their terms to the extent that such Notes then permit redemption. Any future purchases of Notes may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Offers, and could be for cash or other consideration.
This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which must be read carefully before any decision is made with respect to the Offers. If any Holder is in any doubt as to the action it should take or is unsure of the impact of the Offers, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, attorney, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to tender Notes in the Offers (or to validly withdraw any such tender). None of the Offeror, the Dealer Managers, the Information & Tender Agent or any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether Holders of Notes should participate in the Offers.
Cautionary Statement
Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, mine life, total cash costs, all-in sustaining costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects, preliminary financial and production metrics for in-process projects, the ability to convert mineral resource into mineral reserve and replace mineral reserves net of depletion from production and outlook of AGA’s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AGA’s exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AGA’s liquidity and capital resources and capital expenditures and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental health and safety issues, are forward-looking statements regarding AGA’s financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AGA’s actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AGA believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics, the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in AGA’s internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AGA’s annual report on Form 20-F for the year ended
General
This announcement is for informational purposes only and shall not constitute an offer to buy, a solicitation to buy or an offer to sell any securities. The Offers are being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. Please see the Offer to Purchase for certain important information on offer restrictions applicable to the Offers.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414805239/en/
Media
+61 08 9425 4603 / +61 400 072 199
amaxey@aga.gold
General inquiries
media@anglogoldashanti.com
Investors
+61 08 9425 4603 / +61 400 072 199
amaxey@aga.gold
Yatish Chowthee
+27 11 637 6273 / +27 78 364 2080
yrchowthee@aga.gold
Website: www.anglogoldashanti.com
Source: