Rio Tinto launches cash tender offers targeting $1.5bn
Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited are making the offers to purchase the outstanding securities listed in the tables below, each guaranteed by Rio Tinto plc and Rio Tinto Limited.
The terms and conditions of the offers are described in the offer to purchase (the “Offer to Purchase”), dated as of today. Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.
The offer for the Any and All Securities will expire at 5pm, New York City time, on April 27, 2016, unless extended.
The consideration for the Any and All Securities will be determined by the Dealer Managers based on a fixed spread over the reference U.S. Treasury Security in accordance with standard market practice as of 11am, New York City time, on April 27, 2016.
Holders will also receive Accrued Interest on the settlement date for the Any and All Offer. The settlement date for the Any and All Offer is expected to be April 29, 2016 or May 3, 2016 in the case of Any and All Securities delivered pursuant to the guaranteed delivery procedures. ■