21st Jul 2005 09:47
BAE SYSTEMS PLC21 July 2005 The information contained herein is restricted and is not for publication,distribution or release in or into the United States of America or to US persons BAE Systems announces $1.75 billion global bond issue 21 July 2005 London. BAE Systems plc, a leading global aerospace and defence company,announces that it is raising $1.75 billion through issues of $500 millionFloating Rate notes due 2008, $500 million 4.75% notes due 2010 and $750 million5.20% notes due 2015. The borrower is BAE Systems Holdings Inc and theguarantor will be BAE Systems plc. The proceeds will be used to repay drawingson the $3 billion acquisition facility dated 11 April 2005 which were used tofinance partially the UDI acquisition. The issues are scheduled to close on 25July 2005, subject to customary conditions. The notes have been offered only to qualified institutional buyers in the UnitedStates under Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and certain investors outside of the United States in relianceon Regulation S under the Securities Act. The notes have not been registeredunder the Securities Act or any state securities laws and may not be offered orsold in the United States absent registration or an applicable exemption fromthe registration requirements of the Securities Act and applicable statesecurities law. Issued byBAE Systems plcLondon This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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