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SAB - SABMiller plc - Bavaria S.A. - Bond and Commercial Paper Programme and
Exchange Offer
SABMiller plc
JSE ALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
30 March 2011
SABMiller plc
Bavaria S.A. - Bond and Commercial Paper Programme and Exchange Offer
On 29 March 2011, Bavaria S.A., a leading producer of lager and other beverages
in the Republic of Colombia and a subsidiary of SABMiller plc, established a
COP$ 2,500,000,000,000 (approximately US$1,325,000,000) bond and commercial
paper programme (the "Programme"). Bonds and commercial paper issued under the
Programme ("New Securities") are expected to be registered for trading in the
secondary market of the Colombian Stock Exchange (Bolsa de Valores de Colombia)
and admitted to the official list of the Cayman Islands Stock Exchange.
The Programme will be used primarily to refinance Bavaria S.A.`s existing
COP$1,910,320,000,000 (approximately US$1,012,000,000) bonds by means of an
exchange offer under which bondholders will be offered New Securities in
exchange for existing bonds. The New Securities will benefit from a guarantee by
SABMiller plc, which is intended to place holders in a pari passu position with
the holders of other unsecured debt obligations of SABMiller plc in the
circumstances described in the Programme documents.
The Programme will also be available to fund working capital and for other
purposes, although no issues other than the issue of New Securities under the
exchange offer are contemplated at this time.
ENDS
Notes to editors:
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: www.sabmiller.com.
High resolution images are available for the media to view and download free of
charge from the News and media section of www.sabmiller.com or
www.newscast.co.uk.
Date: 30/03/2011 08:00:16 Supplied by www.sharenet.co.za
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