B.A.T. International Finance p.l.c. issues debt guaranteed by British American Tobacco plc. The company was founded in 1972 and is based in London, United Kingdom. The company operates as a subsidiary of British American Tobacco plc.
4 Temple Place
London, WC2R 2PG
Founded in 1972
B.A.T. International Finance Prices US Dollar Denominated Issue of Notes
Jun 11 15
B.A.T. International Finance p.l.c. announced that it has successfully priced a US dollar denominated issue of notes (the "Notes"), raising proceeds of approximately $4.5 billion. The Notes will be issued by B.A.T. International Finance p.l.c. and guaranteed by British American Tobacco p.l.c., British American Tobacco Holdings (The Netherlands) B.V. and B.A.T. Netherlands Finance B.V. pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, in five tranches: $750,000,000, 1.850% Notes due 2018; $1,250,000,000, 2.750% Notes due 2020; $500,000,000, 3.500% Notes due 2022; $1,500,000,000, 3.950% Notes due 2025; and $500,000,000 Floating Rate Notes due 2018. It is expected that the net proceeds of the offering will be used to indirectly finance the subscription for additional ordinary shares in Reynolds American Inc. in connection with the acquisition by Reynolds American Inc. of all the shares in Lorillard Inc. and for general corporate purposes, which may include the repayment of certain outstanding debt. The issue is scheduled to close on 15 June 2015, subject to customary conditions. The Notes have not been, and will not be, registered under the Securities Act, or under the securities legislation of any states of the United States, and may not be offered or sold in the United States, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The issuer of the Notes does not presently intend to make a public offer of securities in the United States or to register any securities under the Securities Act.