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ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev Announces Redemption of USD 725 Million

Release Date: 11/10/2019 08:15
Code(s): ANH     PDF:  
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Anheuser-Busch InBev Announces Redemption of USD 725 Million

      Anheuser-Busch InBev SA/NV
      (Incorporated in the Kingdom of Belgium)
      Register of Companies Number: 0417.497.106
      Euronext Brussels Share Code: ABI
      Mexican Stock Exchange Share Code: ANB
      NYSE ADS Code: BUD
      JSE Share Code: ANH
      ISIN: BE0974293251
      (“AB InBev” or the “Company”)

      Anheuser-Busch InBev Announces Redemption of USD 725 Million

      Brussels, 11 October 2019 -- Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD)
      (MEXBOL: ANB) (JSE: ANH) today announced that its wholly-owned subsidiary Anheuser-Busch InBev
      Worldwide Inc. (“ABIWW”) is exercising its option to redeem the outstanding principal amount indicated in
      the table below of the following series of notes on 12 November 2019 (the “Redemption Date”):

                                                      Aggregate Principal
                        Aggregate Principal             Amount to be
        Issuer         Amount Outstanding                 Redeemed                 Title of Series of Notes                 ISIN

      ABIWW          USD 1,179,047,000(1)           USD 725,000,000(2)          2.500% Notes due 2022               US03523TBP21
                                                                                (the “Notes”)
      (1) As announced on September 30, 2019, ABIWW has previously delivered another notice to redeem USD 525,000,000 aggregate
      principal amount of the Notes. Upon completion of both redemptions, the outstanding aggregate principal amount of the Notes will
      be USD 454,047,000.
      (2) ABIWW is electing to partially redeem the Notes.

      USD 725,000,000 aggregate principal amount of the Notes will be redeemed on the Redemption Date at a
      make-whole redemption price equal to the greater of (i) 100% of the aggregate principal amount of the
      Notes to be redeemed; and (ii) as determined by the Independent Investment Banker, the sum of the
      present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed
      (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the
      Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
      the Treasury Rate plus 15 basis points; plus, in each case described above, accrued and unpaid interest
      on the principal amount being redeemed to (but excluding) such Redemption Date (the “Redemption
      Price”). The Treasury Rate will be calculated on the third Business Day preceding the Redemption Date.
      Such redemption is pursuant to the terms of the Indenture, dated as of 16 October 2009, by and among


      ABIWW, AB InBev, the subsidiary guarantors named therein and The Bank of New York Mellon Trust
      Company, N.A., as trustee (the “Base Indenture”), the Twenty-Seventh Supplemental Indenture thereto,
      dated as of 16 July 2012 (the “Twenty-Seventh Supplemental Indenture”), and the terms of the Notes.
      Capitalized terms used in this paragraph have the meanings assigned to such terms in the Base Indenture,
      the Twenty-Seventh Supplemental Indenture and the terms of the Notes, as applicable.

      As announced on September 30, 2019, the Company has previously delivered another notice to redeem
      USD 525,000,000 aggregate principal amount of the Notes. Upon completion of both redemptions, the
      outstanding aggregate principal amount of the Notes will be USD 454,047,000.

      On the Redemption Date, (i) USD 454,047,000 principal amount of the Notes will remain outstanding, (ii)
      the Redemption Price will become due and payable on the Notes, as applicable, and, (iii) unless ABIWW
      defaults in making payment of the Redemption Price, interest on the Notes called for redemption shall
      cease to accrue on and after the Redemption Date.

      The trustee is transmitting to registered holders of the Notes the notices of redemption containing
      information required by the Base Indenture, the Twenty-Seventh Supplemental Indenture and the terms of
      the Notes, as applicable. For the redemption price of the Notes, please contact Shannon Matthews at BNY
      Mellon (

      This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor
      will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or
      sale would be unlawful prior to registration or qualification under the securities laws of any such state or
      other jurisdiction.

      English, Dutch and French versions of this press release will be available on


      Investors                                            Media
      Lauren Abbott                                        Pablo Jimenez
      Tel: +1 212 573 9287                                 Tel: +1 212 284 0158
      E-mail:                   E-mail:

      Mariusz Jamka                                        Ingvild Van Lysebetten
      Tel: +32 16 276 888                                  Tel: +32 16 276 608
      E-mail:                   E-mail:

      Jency John                                           Fallon Buckelew
      Tel: +1 646 746 9673                                 Tel: +1 310 592 6319
      E-mail:                      E-mail:

      Fixed Income Investors

      Daniel Strothe
      Tel: +1-646-746-9667

      Suma Prasad
      Tel: +1-212-503-2887

      11 October 2019
      JSE Sponsor: Questco Corporate Advisory Proprietary Limited


      About Anheuser-Busch InBev

      Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico
      (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock
      Exchange (NYSE: BUD). Our Dream is to bring people together for a better world. Beer, the original social network, has been bringing
      people together for thousands of years. We are committed to building great brands that stand the test of time and to brewing the best
      beers using the finest natural ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®,
      Corona® and Stella Artois®; multi-country brands Beck’s®, Castle®, Castle Lite®, Hoegaarden® and Leffe®; and local champions
      such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Cristal®, Harbin®, Jupiler®, Michelob Ultra®, Modelo Especial®,
      Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and
      generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co
      brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the
      first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the
      collective strengths of approximately 175,000 employees based in nearly 50 countries worldwide. For 2018, AB InBev’s reported
      revenue was 54.6 billion USD (excluding JVs and associates).

      Forward-Looking Statements

      This release contains “forward-looking statements”. These statements are based on the current expectations and views of future
      events and developments of the management of AB InBev and are naturally subject to uncertainty and changes in circumstances.
      Forward-looking statements include statements typically containing words such as “will”, “may”, “should”, “believe”, “intends”,
      “expects”, “anticipates”, “targets”, “estimates”, “likely”, “foresees” and words of similar import. All statements other than statements of
      historical facts are forward-looking statements. You should not place undue reliance on these forward-looking statements, which
      reflect the current views of the management of AB InBev, are subject to numerous risks and uncertainties about AB InBev and are
      dependent on many factors, some of which are outside of AB InBev’s control. There are important factors, risks and uncertainties that
      could cause actual outcomes and results to be materially different, including the risks and uncertainties relating to AB InBev described
      under Item 3.D of AB InBev’s Annual Report on Form 20-F (“Form 20-F”) filed with the US Securities and Exchange Commission
      (“SEC”) on 22 March 2019. Other unknown or unpredictable factors could cause actual results to differ materially from those in the
      forward-looking statements.

      The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere,
      including AB InBev’s most recent Form 20-F and other reports furnished on Form 6-K, and any other documents that AB InBev has
      made public. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary statements
      and there can be no assurance that the actual results or developments anticipated by AB InBev will be realized or, even if substantially
      realized, that they will have the expected consequences to, or effects on, AB InBev or its business or operations. Except as required
      by law, AB InBev undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new
      information, future events or otherwise.


Date: 11/10/2019 08:15:00
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