Anheuser-Busch InBev SA/NV Announces Pricing of $10 Billion of Senior Notes in SEC-Registered Public Offering

March 20, 2018

S&C client Anheuser-Busch InBev SA/NV (AB InBev) announced that it had priced $10 billion of senior, unsecured notes via an SEC-registered public offering issued by its U.S. subsidiary, Anheuser-Busch InBev Worldwide Inc. The offering comprised $500 million principal amount of floating rate notes due 2024, $1.5 billion principal amount of 3.500% notes due 2024, $2.5 billion principal amount of 4.000% notes due 2028, $1.5 billion principal amount of 4.375% notes due 2038, $2.5 billion principal amount of 4.600% notes due 2048 and $1.5 billion principal amount of 4.750% notes due 2058.

The net proceeds of the offering will be used for general corporate purposes, including the repayment of upcoming debt maturities in 2019 and 2020. The issuance closed on April 4 and was underwritten by a syndicate of 12 banks.

The S&C team in London advising AB InBev was led by John Horsfield-Bradbury, along with Lauren Pratt and Maria Lacayo. Eric Wang, along with Saul Brander, Andrew Motten and Lauren Citrome, advised on tax matters.