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British American Tobacco | 424B2: Prospectus

SEC announcement ·  Feb 16 11:51
Summary by Moomoo AI
B.A.T Capital Corporation (BATCAP), a subsidiary of British American Tobacco p.l.c. (BAT), has announced the issuance of $850,000,000 aggregate principal amount of 5.834% notes due 2031 and $850,000,000 aggregate principal amount of 6.000% notes due 2034. The notes are unsecured senior obligations of BATCAP and are fully and unconditionally guaranteed on a senior and unsecured basis by BAT, B.A.T. International Finance p.l.c. (BATIF), B.A.T. Netherlands Finance B.V. (BATNF), and Reynolds American Inc. (RAI), unless the guarantee is released in accordance with the indenture governing the notes. Interest on the notes will be payable semi-annually in arrears, with the first payment commencing on August 20, 2024. The issuer may redeem the notes at any time at the...Show More
B.A.T Capital Corporation (BATCAP), a subsidiary of British American Tobacco p.l.c. (BAT), has announced the issuance of $850,000,000 aggregate principal amount of 5.834% notes due 2031 and $850,000,000 aggregate principal amount of 6.000% notes due 2034. The notes are unsecured senior obligations of BATCAP and are fully and unconditionally guaranteed on a senior and unsecured basis by BAT, B.A.T. International Finance p.l.c. (BATIF), B.A.T. Netherlands Finance B.V. (BATNF), and Reynolds American Inc. (RAI), unless the guarantee is released in accordance with the indenture governing the notes. Interest on the notes will be payable semi-annually in arrears, with the first payment commencing on August 20, 2024. The issuer may redeem the notes at any time at the applicable redemption price. The notes will be issued in book-entry form only, in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The notes are new issues of securities with no established trading market, and an application will be made to list each series of notes on the New York Stock Exchange (NYSE). The offering is subject to risks, and investors are advised to review the risk factors detailed in the prospectus supplement and accompanying prospectus before investing in the notes. The underwriters for the offering include Barclays, HSBC, Mizuho, Santander, and Wells Fargo Securities as joint book-running managers, with BBVA, NatWest Markets, SMBC Nikko, and Standard Chartered Bank as bookrunners. The date of the prospectus supplement is February 15, 2024.

This announcement is a separate document:

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