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Sasol - pricing announcement
Sasol Limited ("Sasol") herewith announces that its wholly owned subsidiary Sasol Financing USA LLC (the Issuer) has priced an offering of USD-denominated, SEC-registered notes (the Notes), including USD650 million of senior notes due 2026 (the 2026 Notes) and USD850 million of senior notes due 2031 (the 2031 Notes). The 2026 Notes will bear interest at a rate of 4,375% per annum. The 2031 Notes will bear interest at a rate of 5,50% per annum. The total orderbook amounted to approximately USD4 600 million, which represents an oversubscription of more than 3 times.
The Notes will be general unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Sasol Limited. The offering is expected to close on 18 March 2021, subject to customary closing conditions. The proceeds of the offering will be used for partial repayment of outstanding revolving credit facility (RCF) balances and is therefore leverage neutral. BofA Securities acted as Global Coordinator. BofA Securities, Citigroup, Mizuho and MUFG acted as active Joint Book-Running Managers. ABN AMRO, BNP Paribas, Deutsche Bank, Intesa Sanpaolo, J.P. Morgan, SMBC and UniCredit were appointed as Passive Joint Book- Running Managers.
The offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement, preliminary prospectus supplement and accompanying base prospectus relating to the offering and containing detailed information about Sasol and its management, as well as financial statements, have been filed with the Securities and Exchange Commission and are available on its website at http://www.sec.gov. When available, copies of the final prospectus supplement and accompanying base prospectus for the offering may be obtained from: BofA Securities, Inc., telephone: +1 800 294 1322; Citigroup Global Markets Inc., telephone +1 800 831 9146; Mizuho International plc, telephone:+44 20 7090 6698; or MUFG Securities Americas Inc., telephone: +1 877 649 6848.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, base prospectus or the shelf registration statement.
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