Wrap Text
Final Results of BHP US Tender Offers
BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release Time IMMEDIATE
Date 22 September 2017
Release Number 31/17
Final Results of BHP’s US Tender Offers
BHP announced today the final results of its US Tender Offers which formed part of a
global multi-currency bond repurchase plan launched on 21 August 2017.
BHP has used its strong cash position to fund the US$2.9 billion global multi-
currency bond repurchase plan. In total, BHP spent US$1.9 billion repurchasing Euro
and GBP bonds and US$1.0 billion repurchasing US bonds. Early repayment of
these bonds has extended BHP’s average debt maturity profile and enhanced BHP’s
capital structure.
US Tender Offers
BHP Billiton Finance (USA) Limited (the Company), a wholly-owned subsidiary of
BHP Billiton Limited, today announced the expiration of its previously announced
tender offers for an aggregate purchase price (excluding accrued and unpaid
interest) of up to US$1,000,000,000 (the Offer Cap) of its US$529,978,000 3.250%
Senior Notes due 2021 (the 2021 Notes), its US$859,938,000 2.875% Senior Notes
due 2022 (the 2022 Notes) and its US$1,500,000,000 3.850% Senior Notes due
2023 (the 2023 Notes, and together with the 2021 Notes and the 2022 Notes, the
Notes) (the Tender Offers).
The Tender Offers were made pursuant to the terms and conditions set forth in the
offer to purchase dated 21 August 2017 (the Offer to Purchase). Terms not defined
in this announcement have the meanings given to them in the Offer to Purchase.
The Tender Offers expired at 11:59 p.m., New York City time, on 21 September
2017. As announced on 8 September 2017, the Offer Cap of US$1,000,000,000 had
been reached as of the Early Tender Date of 7 September 2017.
With the completion of the Tender Offers, the Company will have repurchased an
aggregate principal amount of US$923,532,000 of several series of its outstanding
notes, as set out in the table below:
CUSIP/ISIN Principal amount Principal amount
Title of Security outstanding after purchase
Number purchased
3.850% Senior Notes due 055451AU2/
US$765,587,000 US$734,413,000
2023 US055451AU28
2.875% Senior Notes due 055451AQ1/
US$157,945,000 US$701,993,000
2022 US055451AQ16
3.250% Senior Notes due 055451AL2/
US$0 US$529,978,000
2021 US055451AL29
Legal Notices
This announcement is for informational purposes only and is not an offer to purchase,
a solicitation of an offer to purchase or a solicitation of consents with respect to any
securities.
None of the Company, the Guarantors, the Dealer Managers or their affiliates, their
respective boards of directors, the Tender and Information Agent, the Notes trustee
or any of their respective affiliates makes any recommendation, or has expressed an
opinion, as to whether or not Holders should tender their Notes, or refrain from doing
so, pursuant to the Tender Offers.
The Company has not filed this announcement or the Offer to Purchase with,
and they have not been reviewed by, any federal or state securities
commission or regulatory authority of any country. No authority has passed
upon the accuracy or adequacy of the Tender Offers, and it is unlawful and
may be a criminal offense to make any representation to the contrary.
United Kingdom. The communication of the Offer to Purchase and any other
documents or materials relating to the Tender Offers were not being made by, and
such documents and/or materials have not been approved, by an authorized person
for the purposes of section 21 of the Financial Services and Markets Act 2000, as
amended. Accordingly, the Offer to Purchase and such documents and/or materials
were not being distributed to, and must not be passed on to, the general public in the
United Kingdom. The communication of the Offer to Purchase and such documents
and/or materials as a financial promotion was only being directed at and made to (i)
persons who are outside the United Kingdom, (ii) investment professionals (as
defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the Financial Promotion Order)), (iii) high net
worth entities and other parties falling within Article 49(2)(a) to (d) of the Financial
Promotion Order, or (iv) any other persons to whom it may otherwise lawfully be
communicated (all such persons together being referred to as Relevant Persons)
and the transactions contemplated herein were be available only to, and engaged in
only with, Relevant Persons. Any person who is not a Relevant Person should not act
on or rely on the Offer to Purchase or any of its contents.
Further information on BHP can be found at: bhp.com
Sponsor: UBS South Africa (Pty) Limited
Media Relations Investor Relations
Email: media.relations@bhpbilliton.com Email: investor.relations@bhpbilliton.com
Australia and Asia Australia and Asia
Ben Pratt Tara Dines
Tel: +61 3 9609 3672 Mobile: +61 419 968 734 Tel: +61 3 9609 2222 Mobile: +61 499 249 005
Fiona Hadley Andrew Gunn
Tel: +61 3 9609 2211 Mobile: +61 427 777 908 Tel: +61 3 9609 3575 Mobile: +61 402 087 354
United Kingdom and South Africa United Kingdom and South Africa
Neil Burrows Rob Clifford
Tel: +44 20 7802 7484 Mobile: +44 7786 661 683 Tel: +44 20 7802 4131 Mobile: +44 7788 308 844
North America Elisa Morniroli
Tel: +44 20 7802 7611 Mobile: +44 7825 926 646
Bronwyn Wilkinson
Mobile: +1 604 340 8753 Americas
Judy Dane James Wear
Tel: +1 713 961 8283 Mobile: +1 713 299 5342 Tel: +1 713 993 3737 Mobile: +1 347 882 3011
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
LEI WZE1WSENV6JSZFK0JC28 LEI 549300C116EOWV835768
Registered in Australia Registered in England and Wales
Registered Office: Level 18, 171 Collins Street Registered Office: Nova South, 160 Victoria Street
Melbourne Victoria 3000 Australia London SW1E 5LB United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Group which is
headquartered in Australia
Follow us on social media
Date: 22/09/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
