|
|
BHPBill - final results of bond repurchase
BHPBill announced the final results of its bond repurchase plan that was launched on 21 February 2017. BHPBill has used its strong cash position to fund its USD2.5 billion bond repurchase plan, including the previously announced planned redemption of its USD500 000 000 2.050% senior notes due 2018. Early repayment of these bonds has extended BHPBill’s average debt maturity profile and enhanced BHPBill’s capital structure.
Maximum Tender Offers BHPBill Finance (USA) Ltd. (Company), a wholly-owned subsidiary of BHP Billiton Ltd., announced the expiration of its previously announced tender offers for its USD1 250 000 000 3.250% senior notes due 2021 (2021 Notes), its USD1 000 000 000 2.875% senior notes due 2022 (2022 Notes) and its USD1 500 000 000 3.850% senior notes due 2023 (2023 Notes, and together with the 2021 Notes and the 2022 Notes, the Notes) (Maximum Tender Offers).
The Maximum Tender Offers were made pursuant to the terms and conditions set forth in the offer to purchase, dated 21 February 2017 (Offer to Purchase), and the related letter of transmittal and notice of guaranteed delivery (Tender Offer Documents). Terms not defined in this announcement have the meanings given to them in the Tender Offer Documents. The Maximum Tender Offers expired at 11:59 p.m., New York City time, on 20 March 2017 (Expiration Date). As announced on 7 March 2017, the Maximum Tender Offer Cap of USD893,918,713.32 had been reached as of the Early Tender Date of 6 March 2017.
Redemption
The Company also announced the redemption price that the Company will pay to redeem in full the USD500 million principal amount outstanding of its 2.050% senior notes due 2018 (2018 Notes) in accordance with the terms of the 2018 Notes and the Indenture, between (among others) the Company and The Bank of New York Mellon, as trustee, under which the 2018 Notes were issued.
The 2018 Notes will be redeemed on 23 March 2017 (Redemption Date) at a “make- whole” redemption price equal to USD1,020.28 per USD1,000 principal amount of 2018 Notes, which includes accrued and unpaid interest of USD9.85. On and after the Redemption Date, the 2018 Notes will no longer be deemed outstanding, interest on the 2018 Notes will cease to accrue, and all rights of the holders of the 2018 Notes will terminate, except for the right to receive such redemption payment upon surrender of the 2018 Notes. The 2018 Notes have the following CUSIP/ISIN designations: CUSIP No. 055451AT5, ISIN No. US055451AT54.
Final Results of Bond Repurchase Plan
With the completion of the recently announced Any and All Offer and the Maximum Tender Offers and, upon the redemption of the 2018 Notes, the Company will have repurchased an aggregate principal amount of USD2 340 050 000 of several series of its outstanding notes.
|
|
Click here for original article
|
| |
BHPBill - dividend currency exchange rates
On 21 February 2017, the Board of BHPBill determined to pay an interim dividend of USD40 cents per share for the half year ended 31 December 2016. Included in the announcement of the final dividend determination on 21 February 2017 was the advice that the currency conversion for Australian cents, British pence and New Zealand cents would be based on the foreign currency exchange rates on the Record Date, 10 March 2017, and for South African cents one week before the Record Date on the JSE Ltd., which was 3 March 2017. The following table sets out the currency exchange rates applicable for the dividend:
Dividend USD40 cents per share: Exchange rate & Dividend per ordinary share in local currency
- South African cents: 13.126000 & 525.040000
The dividend will be paid on 28 March 2017.
|
|
Click here for original article
|
| |
BHP Billiton - prices maximum tender offers
BHP Billiton announced today the final pricing of the Maximum Tender Offers as part of USD2.5 billion bond repurchase plan. BHP Billiton has increased the amount that it will spend repurchasing debt under the Maximum Tender Offers to USD893,918,713.32. This is in addition to approximately USD1.085 billion spent repurchasing debt in the Any and All Offer (including those Any and All Notes validly tendered pursuant to the guaranteed delivery procedures).
As announced previously, the USD500,000,000 2.050% senior notes due 2018 will also be redeemed as part of the bond repurchase plan. BHP Billiton Finance (USA) Limited (Company), a wholly-owned subsidiary of BHP Billiton Limited, today announced the pricing as set forth in the table below of its previously announced tender offers for an aggregate purchase price of up to USD893,918,713.32 (excluding accrued interest) (Maximum Tender Offer Cap) of its USD1,250,000,000 3.250% senior notes due 2021 (2021 Notes), its USD1,000,000,000 2.875% senior notes due 2022 (2022 Notes) and its USD1,500,000,000 3.850% senior notes due 2023 (2023 Notes, and together with the 2021 Notes and the 2022 Notes, the Notes) (Maximum Tender Offers). As of the Early Tender Date, the increased Maximum Tender Offer Cap of USD893,918,713.32 aggregate purchase price (excluding accrued interest) had been reached.
the guaranteed delivery procedures.
|
|
Click here for original article
|
| |
BHP Billiton - early cash tender results
BHP Billiton announced the early results of the Maximum Tender Offers as part of its USD2.5 billion bond repurchase plan.
BHP Billiton Finance (USA) Ltd. (Company), a wholly-owned subsidiary of BHP Billiton Ltd., today announced the early results of its previously announced tender offers for an aggregate purchase price (excluding accrued interest) of up to USD863,918,713.32 (the Maximum Tender Offer Cap) of its USD1,250,000,000 3.250% senior notes due 2021 (2021 Notes), its USD1,000,000,000 2.875% senior notes due 2022 (2022 Notes) and its USD1,500,000,000 3.850% senior notes due 2023 (2023 Notes, and together with the 2021 Notes and the 2022 Notes, the Notes) (Maximum Tender Offers). The Company has amended the Maximum Tender Offers to increase the Maximum Tender Offer Cap from USD863,918,713.32 to USD893,918,713.32.
The Maximum Tender Offers have been made pursuant to the terms and conditions set forth in the offer to purchase, dated 21 February 2017 (Offer to Purchase), and the related letter of transmittal and notice of guaranteed delivery (together, Tender Offer Documents). Terms not defined in this announcement have the meanings given to them in the Tender Offer Documents.
According to information provided by Global Bondholders Services Corporation, the tender and information agent for the Maximum Tender Offers, USD2,119,861,000 aggregate principal amount of the Notes were validly tendered prior to or at the Early Tender Date and not validly withdrawn. This amount includes USD720,022,000 aggregate principal amount of the 2021 Notes, USD642,760,000 aggregate principal amount of the 2022 Notes and USD757,079,000 aggregate principal amount of the 2023 Notes. The Withdrawal Deadline for the Maximum Tender Offers was 5:00 p.m., New York City time, on 6 March 2017. The pricing of the Total Consideration (as defined in the Offer to Purchase) for each series of Notes is expect to occur at 11:00 a.m., New York City time, on 7 March 2017. The Company will announce how many Notes of each series were accepted for purchase, according to the Acceptance Priority Levels (as defined in the Offer to Purchase), immediately following pricing.
The settlement date for the Notes is expected to be 9 March 2017 (Early Settlement Date). Holders will also receive accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the Early Settlement Date.
The Maximum Tender Offers are subject to the satisfaction of certain conditions, as set forth in the Tender Offer Documents.
|
|
Click here for original article
|
| |
BHP Billiton - dividend currency exchange rate
On 21 February 2017, the board of BHP Billiton determined to pay an interim dividend of USD40 cents per share for the half year ended 31 December 2016.
The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the BHP Billiton Plc branch register is based on the exchange rate on 3 March 2017 and is set out below:
- Dividend per share - USD40 cents
- Exchange rate - 13.12600
- Dividend per ordinary share in - 525.04000 South African cents
The exchange rates applicable to the BHP Billiton dividend being paid in other currencies will be based on the foreign currency exchange rates on the Record Date, being 10 March 2017, and will be announced to the market.
BHP Billiton Plc shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 8 March 2017 and 10 March 2017, both dates inclusive, nor will transfers between the UK register and the South African register be permitted between the dates of 3 March 2017 and 10 March 2017, both dates inclusive.
The dividend will be paid on 28 March 2017.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
