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SAB - SABMiller Plc - Amendments to the $300,000,000 of 6.625% guaranteed
notes
SABMiller Plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
(the "Company")
Amendments to the
$300,000,000 of 6.625% Guaranteed Notes due August 15, 2033 (the "Notes")
Rule 144A Note CUSIP No. 78572MAA3 / ISIN US78572MAA36
Regulation S Note CUSIP No. G77395AA2 / ISIN USG77395AA27
SABMiller plc on August 20, 2010 announced the commencement of a consent
solicitation relating to the Notes as described in a solicitation statement
(the "Solicitation Statement") issued to holders of the Notes on that day.
The Company sought a consent to certain amendments and waivers in respect of
the fiscal and paying agency agreement between the Company, MillerCoors LLC
(the "US Guarantor") and The Bank of New York Mellon as Fiscal Agent as
amended pursuant to which the Notes were issued and to the guarantee by the
US Guarantor in relation thereto.
Valid consents were delivered and not revoked in respect of a majority of the
aggregate principal amount of the Notes outstanding thereby approving the
proposed amendments and waivers and the Company, the US Guarantor and The
Bank of New York Mellon entered into a supplemental fiscal and paying agency
agreement on September 10, 2010 giving effect to the amendments and waivers.
The supplemental fiscal and paying agency agreement amended the previous
fiscal and paying agency agreement, the terms and conditions of the Notes and
the guarantee given by the US Guarantor to reflect the approved consents a)
to release the US Guarantor from its guarantee of payment of principal of and
interest on the Notes, b) to amend the both the cross acceleration threshold
for present and future indebtedness, currently $20,000,000, and the threshold
for events of defaults relating to a distress, attachment, execution or other
legal process on the property of the Company, currently $50,000,000, to
$125,000,000 and c) to consent to certain other procedural amendments.
September 10, 2010
SABMiller plc
SABMiller plc
+44 (0) 1483 264 000
David Mallac
Group Treasurer
SABMiller plc
Philip Learoyd
Head of Funding and Treasury Risk
SABMiller plc
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc or any
of its affiliates in any jurisdiction or an inducement to enter into
investment activity.
About SABMiller plc
SABMiller is one of the world`s largest brewers with brewing interests and
distribution agreements across six continents. The group`s wide portfolio of
brands includes premium international beers such as Pilsner Urquell, Peroni
Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local
brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is
also one of the world`s largest bottlers of Coca-Cola products.
In the year ended 31 March 2010, the group reported US$3,803 million in
adjusted pre-tax profit and group revenue of US$26,350 million. SABMiller plc
is listed on the London and Johannesburg stock exchanges.
This announcement is available on the company website and high resolution
images are available for the media to view and download free of charge from
the Image Library in the News and media section of www.sabmiller.com.
Date: 10/09/2010 08:08:01 Supplied by www.sharenet.co.za
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