BHP Announces Final Pricing Of US Tender Offers Uner Bond Repurchase Plan

(RTTNews) - BHP Billiton Plc (BHP.AX, BLT.L, BBL, BHP) announced Monday that its unit BHP Billiton Finance (USA) Limited has set the final pricing of the US tender offers as part of its global multi-currency bond repurchase plan.

The company's previously announced tender offers were for its $529,978,000 3.250% Senior Notes due 2021, its $859,938,000 2.875% Senior Notes due 2022 and its $1,500,000,000 3.850% Senior Notes due 2023.

As announced on August 31, the company will spend up to $1 billion aggregate purchase price in the tender offers. Because the Offer Cap has been reached, the Company does not expect to accept for purchase any Notes tendered after the Early Tender Date.

Holders of the Notes who tendered at or prior to 5:00 p.m., New York City time, on September 7, 2017 and whose Notes were accepted for purchase are eligible to receive the total consideration.

The settlement date for the Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is expected to be September 12. Holders will also receive accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the Early Settlement Date.

The Tender Offers will expire at 11:59 p.m., New York City time, on September 22.