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Anheuser-Busch InBev Announces Pricing of EUR 4.25 Billion Notes
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 Pricing of EUR 4.25 Billion Notes
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA
Access to this press release is granted on the condition that you have read, understood and accepted the following terms.
Access to this press release is restricted to (a) persons who have professional experience in matters
relating to investments falling within Article 19(1) of the UK Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities falling within Article
49(1) of the Order, and other persons to whom it may otherwise lawfully be communicated (all such
persons together being referred to as “relevant persons”). The Notes (as defined below) are available
only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such
Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should
not act or rely on this press release or any of its contents.
Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH)
today announced that it has completed the pricing of EUR 4.25 billion aggregate principal amount of notes
(the “Notes”). The Notes will be issued on 23 January 2018. The Notes comprise the following series:
Title of Securities 6.25-year Floating 9-year 1.150% Notes 17-year 2.000% Notes
Rate Notes due 2024 due 2027 due 2035
Aggregate principal EUR 1,500,000,000 EUR 2,000,000,000 EUR 750,000,000
amount
Maturity date 15 April 2024 22 January 2027 23 January 2035
Interest payment dates Quarterly on 15 Annually on 23 January Annually on 23 January
January, 15 April, 15 of each year, with first of each year, with first
July and 15 October,
commencing 15 April coupon payable on 23 coupon payable on 23
2018 up to and January 2019 January 2019
including the Maturity
Date
Interest Rate Three-month 1.150% 2.000%
EURIBOR plus 30
basis points
The Notes will be issued by Anheuser-Busch InBev SA/NV (the “Issuer”) and will be fully, unconditionally
and irrevocably guaranteed by Anheuser-Busch Companies, LLC, Anheuser-Busch InBev Worldwide Inc.,
Anheuser-Busch InBev Finance Inc., Brandbev S.à r.l, Brandbrew S.A. and Cobrew NV. The Notes will be
senior, unsecured obligations of the Issuer and will rank equally with all other existing and future unsecured
and unsubordinated debt obligations of the Issuer.
The proceeds of the Notes will be used for general corporate purposes. The Notes will be issued by
Anheuser-Busch InBev SA/NV under its Euro Medium Term Note programme base prospectus published
on 20 December 2017.
It is expected that the Notes will be listed in due course on the London Stock Exchange.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise
made available to any retail investor in the European Economic Area ("EEA"). For these
purposes, a retail investor means a person who is one (or more) of: (i) a retail client as
defined in point (11) of Article 4(1) of Directive 2014/65/EU ("MiFID II"); or (ii) a customer
within the meaning of Directive 2002/92/EC, where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified
investor as defined in the Prospectus Directive (as defined below). No key information
document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering
or selling the Notes or otherwise making them available to retail investors in the EEA has been
prepared and therefore offering or selling the Notes or otherwise making them available to
any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
MiFID II product governance/Professional investors and ECPs only target market –
Solely for the purposes of each manufacturer's product approval process, the target market
assessment in respect of the Notes has led to the conclusion that: (i) the target market for
the Notes is eligible counterparties and professional clients only, each as defined in MiFID II;
and (ii) all channels for distribution of the Notes to eligible counterparties and professional
clients are appropriate. Any person subsequently offering, selling or recommending the Notes
(a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own
target market assessment in respect of the Notes (by either adopting or refining the
manufacturers' target market assessment) and determining appropriate distribution channels.
The Notes and the guarantees (together, the "Securities") have not been and will not be
registered under the US Securities Act of 1933, as amended (the "Securities Act") or any
relevant securities laws of any state or other jurisdiction and may not be offered or sold in
the United States absent registration or an exemption from the registration requirements of
the Securities Act. Accordingly, the Securities are being offered only outside the US to non-
US persons in reliance on Regulation S under the Securities Act. There will be no public offer
of the Securities in the United States.
This press release does not constitute an offer to sell or the solicitation of an offer to buy debt
securities in the US or any other jurisdiction.
The distribution of this announcement and other information in connection with the offer in
certain jurisdictions may be restricted by law and persons into whose possession any
document or other information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
10 January 2018
Sponsor: Deutsche Securities SA Proprietary Limited
Contacts
Media Investors
Marianne Amssoms Henry Rudd
Tel: +1-212-573-9281 Tel: +1-212-503-2890
E-mail: marianne.amssoms@ab-inbev.com E-mail: henry.rudd@ab-inbev.com
Peter Dercon Mariusz Jamka
Tel: +32 16 276 823 Tel: +32 16 276 888
E-mail: peter.dercon@ab-inbev.com E-mail: mariusz.jamka@ab-inbev.com
Aimee Baxter Lauren Abbott
Tel: +1-646-628-0393 Tel: +1-212-573-9287
E-mail: aimee.baxter@ab-inbev.com E-mail: lauren.abbott@ab-inbev.com
Fixed Income Investors
Gabriel Ventura
Tel: +1-212-478-7031
E-mail: gabriel.ventura@ab-inbev.com
Suma Prasad
Tel: +1-212-503-2887
E-mail: suma.prasad@ab-inbev.com
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®, Chernigivske®, Cristal®, Harbin®, Jupiler®, Klinskoye®, Michelob Ultra®, Modelo
Especial®, Quilmes®, Victoria®, Sedrin®, Sibirskaya Korona® 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 200,000 employees based in more than 50
countries worldwide. For 2016, AB InBev’s reported revenue was 45.5 billion USD (excluding JVs and
associates).
Date: 10/01/2018 08:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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