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SABMiller PLC - Miscellaneous

RNS Number : 9635X
  SABMiller PLC
  30 June 2008


1 July 2008

'In connection with the combining of the US and Puerto Rico operations of Miller
Brewing Company ('Miller') and Coors Brewing Company, SABMiller plc (the
'Company') makes the following announcement relating to the undernoted debt
securities:

US$600,000,000 4.25% Notes issued by Miller due 2008 ('2008 Notes')
US$1,100,000,000 5.50% Notes issued by Miller due 2013 ('2013 Notes')
US$300,000,000 6.625% Notes issued by the Company due 2033 ('2033 Notes')
US$300,000,000 Floating Rate Notes issued by the Company due 2009 ('2009 Notes')
US$600,000,000 6.20% Notes issued by the Company due 2011 ('2011 Notes')
US$850,000,000 6.50% Notes issued by the Company due 2016 ('2016 Notes' and
together with the 2008 Notes, the 2013 Notes, the 2033 Notes, the 2009 Notes and
the 2011 Notes, the 'Notes').

MBC1, LLC a limited liability company organized under the laws of the State of
Wisconsin ('MBC1'), MBC2, LLC, a limited liability company organized under the
laws of the State of Wisconsin ('MBC2'), Miller Products Company, LLC (formerly
Miller
Products Company), a limited liability company organized under the laws of the
State of Wisconsin ('MPC'), Miller Breweries West, L.P., a Wisconsin limited
partnership ('MBW') and Miller Breweries East, LLC (formerly Miller Breweries
East, Inc.), a
limited liability company organized under the laws of the State of Wisconsin
('MBE' and together with MBC1, MBC2, MPC and MBW, the 'Former US Guarantors')
have each transferred substantially the entirety of their assets to Miller
pursuant to an
intra-group reorganisation. As a result of this transfer, pursuant to the terms
and conditions and other documents governing the Notes and pursuant to
supplemental agreements entered into, the Former US Guarantors have ceased to be
guarantors of the Notes
and have been relieved from all their obligations with respect to the Notes.
Subsequently, pursuant to the terms and conditions and other documents governing
the 2008 and 2013 Notes and pursuant to supplemental agreements entered into,
the Company has
assumed all of the outstanding obligations of Miller and Miller has been
released from all of its obligations with respect to the 2008 Notes and the 2013
Notes. Subsequently, pursuant to the guarantees and other documents governing
the 2009 Notes, 2011
Notes and 2016 Notes, Miller has been released from all of its obligations as
guarantor with respect to the 2009 Notes, 2011 Notes and 2016 Notes.
Subsequently, Miller has transferred substantially the entirety of its assets to
MillerCoors LLC, a limited
liability company organized under the laws of the State of Delaware. As a result
of this transfer, pursuant to the terms and conditions and other documents
governing the 2033 Notes and pursuant to a supplemental agreement entered into,
Miller has ceased
to be a guarantor of the 2033 Notes and has been relieved of all of its
obligations with respect to the 2033 Notes, which were at the same time assumed
in full by MillerCoors LLC. The Company remains the primary obligor with respect
to the 2033 Notes.

Consequently, pursuant to the terms of the Company's US$1 billion commercial
paper programme ('CPP'), commercial paper issued under the CPP hereafter will
not be guaranteed. In addition, the Company has also obtained the consent of the
lenders under
its syndicated loan facilities to the release of guarantees under the relevant
facilities.'


John Davidson
General Counsel and Group Secretary
SABMiller plc

This information is provided by RNS
The company news service from the London Stock Exchange

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