RICHMOND, Va. --(BUSINESS WIRE)--
Altria Group, Inc. (Altria) (NYSE:MO) today announces the consummation of and final results for its previously announced cash tender offer for any and all of its senior unsecured 9.95% Notes due 2038 (the “2038 Notes”) and any and all of its senior unsecured 10.20% Notes due 2039 (the “2039 Notes” and, together with the 2038 Notes, the “Notes”). The terms and conditions of the tender offer are described in the Offer to Purchase, dated September 13, 2016 and the related Letter of Transmittal and Notice of Guaranteed Delivery.
The tender offer for the Notes expired at 5:00 p.m., New York City time, on Monday, September 19, 2016 (the “Expiration Time”).
The total aggregate principal amount of the 2038 Notes validly tendered at or prior to the Expiration Time and not validly withdrawn and accepted for purchase was $440,588,000, which amount includes the 2038 Notes delivered in accordance with guaranteed delivery procedures and the total aggregate principal amount of the 2039 Notes validly tendered at or prior to the Expiration Time and not validly withdrawn and accepted for purchase was $492,000,000, which amount includes the 2039 Notes delivered in accordance with guaranteed delivery procedures.
The total consideration per $1,000 principal amount of each of the 2038 Notes accepted for purchase was $1,842.71, plus accrued and unpaid interest from the last interest payment date up to, but not including, the date hereof and the total consideration per $1,000 principal amount of each of the 2039 Notes accepted for purchase was $1,884.63, plus accrued and unpaid interest from the last interest payment date up to, but not including, the date hereof. Payment for the purchased Notes was made today.
This press release is neither an offer to sell nor a solicitation of offers to buy any securities. The tender offer was made only pursuant to the Offer to Purchase and the related Letter of Transmittal and Notice of Guaranteed Delivery. The tender offer was not made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Please refer to the Offer to Purchase for a description of offer terms, conditions, disclaimers and other information applicable to the tender offer.
Altria’s wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste. Michelle Wine Estates Ltd. (“Ste. Michelle”) and Philip Morris Capital Corporation. Altria holds a continuing economic and voting interest in SABMiller plc.
The brand portfolios of Altria’s tobacco operating companies include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, MarkTen® and Green Smoke®. Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle®, Columbia Crest®, 14 Hands® and Stag’s Leap Wine Cellars™, and it imports and markets Antinori®, Champagne Nicolas Feuillatte™, Torres® and Villa Maria Estate™ products in the United States. Trademarks and service marks related to Altria referenced in this release are the property of Altria or its subsidiaries or are used with permission. More information about Altria is available at altria.com and on the Altria Investor app.
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