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British American Tobacco | 424B2: Prospectus

SEC ·  Feb 15 22:32

Summary by Moomoo AI

British American Tobacco (BAT) and its subsidiaries, including B.A.T Capital Corporation (BATCAP), B.A.T International Finance p.l.c. (BATIF), B.A.T Netherlands Finance B.V. (BATNF), and Reynolds American Inc. (RAI), have announced the issuance of new debt securities. The offering includes two sets of notes: % Notes due 2031 and % Notes due 2034, with the aggregate principal amounts and interest rates to be determined. These notes are guaranteed by BAT, BATIF, BATNF, and RAI, ensuring full and unconditional payment of principal and interest. The notes are to be issued under the 2022 Indenture, which allows for unlimited issuance of debt securities in various series. The proceeds from the sale are intended for general corporate purposes, including the potential...Show More
British American Tobacco (BAT) and its subsidiaries, including B.A.T Capital Corporation (BATCAP), B.A.T International Finance p.l.c. (BATIF), B.A.T Netherlands Finance B.V. (BATNF), and Reynolds American Inc. (RAI), have announced the issuance of new debt securities. The offering includes two sets of notes: % Notes due 2031 and % Notes due 2034, with the aggregate principal amounts and interest rates to be determined. These notes are guaranteed by BAT, BATIF, BATNF, and RAI, ensuring full and unconditional payment of principal and interest. The notes are to be issued under the 2022 Indenture, which allows for unlimited issuance of debt securities in various series. The proceeds from the sale are intended for general corporate purposes, including the potential repayment of existing indebtedness. The announcement did not specify the exact date of the issuance but indicated that the offering is planned, with the completion date to be confirmed. The notes will be offered through a syndicate of banks, including Barclays, HSBC, Mizuho, Santander, and Wells Fargo Securities as joint book-running managers, and BBVA, NatWest Markets, SMBC Nikko, and Standard Chartered Bank as bookrunners.

This announcement is a separate document:

Doc 1

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