Under Rio Tinto's plan to reduce gross debt as part of its ongoing capital management, Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited have accepted for purchase a total of $1.747 billion in debt pursuant to their Any and All Offer, which commenced on 7 June 2016 and expired on 13 June 2016.
$943 million in aggregate principal amount of 6.500 per cent Notes due 2018 will be purchased at a price of $1,108.33 per $1,000 principal amount of notes. $804 million in aggregate principal amount of 2.250 per cent Notes due 2018 will be purchased at a price of $1,024.36 per $1,000 principal amount of notes. The above amounts exclude $1 million of Any and All Securities that remain subject to the guaranteed delivery procedures described in the Offer to Purchase. The Any and All Securities purchased will be retired and cancelled and no longer remain outstanding.
The settlement date for the Any and All Offer will be 14 June 2016 (or 16 June 2016 in the case of Any and All Securities delivered pursuant to the guaranteed delivery procedures).
Capitalised terms in this announcement have the same meaning as assigned to them in the Offer to Purchase dated 7 June 2016.
The Lead Dealer Managers for the offers are Citigroup Global Markets Limited, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Mitsubishi UFJ Securities (USA), Inc. The Co-Dealer Managers are Natixis Securities Americas LLC, RBS Securities Inc., Santander Investment Securities Inc. and Standard Chartered Bank. Questions regarding the offers may be directed to:
Citigroup Global Markets Limited | HSBC Securities (USA) Inc. |
J.P. Morgan Securities LLC | Mitsubishi UFJ Securities (USA), Inc. Toll Free: +1 (877) 744-4532 |
Copies of the Offer to Purchase and the Notice of Guaranteed Delivery (in relation to the Any and All Offer) may be obtained from the Depositary and Information Agent, Global Bondholder Services Corporation at +1 (866) 470 3800 (toll-free) or +1 (212) 430 3774 (collect) or in writing at 65 Broadway, Suite 404, New York, New York 10006.
This announcement must be read in conjunction with the Offer to Purchase. The distribution of this announcement and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Offer to Purchase comes are required by each of Rio Tinto Finance (USA) plc, Rio Tinto Finance (USA) Limited, the Guarantors, the Dealer Managers, the Depositary and Information Agent to inform themselves about and to observe any such restrictions.
Rio Tinto plc published this content on 14 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2016 08:29:06 UTC.
Original documenthttp://www.riotinto.com/media/media-releases-237_17528.aspx
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