AmBev Announces Proposed Guaranteed Note Offering by Its Subsidiary AmBev International
09 Julio 2007 - 7:13PM
PR Newswire (US)
SAO PAULO, Brazil, July 9 /PRNewswire-FirstCall/ -- Companhia de
Bebidas das Americas - AmBev ("AmBev") announced today that its
wholly owned subsidiary, AmBev International Finance Co. Ltd.
("AmBev International") intends to offer a benchmark amount of
notes denominated in Brazilian Reais with a maturity date of 2017.
The notes will be unsecured and unsubordinated obligations of AmBev
International and will be fully and unconditionally guaranteed by
AmBev. The guarantee will rank equally in right of payment with all
of AmBev's other unsecured and unsubordinated debt obligations. The
notes will be denominated in Brazilian Reais, but both principal
and interest will be paid in U.S. dollars at the prevailing
exchange rate at the applicable payment date. Interest will be paid
semi-annually in arrears. The net proceeds of the offering will be
used for the repayment of short-term debts and for general
corporate purposes by AmBev and its subsidiaries. The notes and
guarantee have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), any
state securities laws or the securities laws of any other
jurisdiction and will be sold only to qualified institutional
buyers pursuant to Rule 144A under the Securities Act, and outside
the United States to non-U.S. persons in reliance on Regulation S.
The notes and guarantee may not be offered or sold in the United
States absent registration under, or an applicable exemption from,
the registration requirements of the Securities Act. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy the notes, nor shall there be any sale of these
notes in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. For additional information, please contact the
Investor Relations Department: Fernando Tennenbaum Isabella Amui
+55 11 2122-1415 +55 11 2122-1414 http://www.ambev-ir.com/ Our
investor web site has additional Company financial and operating
information, as well as transcripts of conference calls. Investors
may also register to automatically receive press releases by email
and be notified of Company presentations and events. Statements
contained in this press release may contain information that is
forward-looking and reflects management's current view and
estimates of future economic circumstances, industry conditions,
Company performance, and financial results. Any statements,
expectations, capabilities, plans and assumptions contained in this
press release that do not describe historical facts, such as
statements regarding the declaration or payment of dividends, the
direction of future operations, the implementation of principal
operating and financing strategies and capital expenditure plans,
the factors or trends affecting financial condition, liquidity or
results of operations, and the implementation of the measures
required under AmBev's performance agreement entered into with the
Brazilian Antitrust Authority (Conselho Administrativo de Defesa
Economica - CADE) are forward-looking statements within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995 and
involve a number of risks and uncertainties. There is no guarantee
that these results will actually occur. The statements are based on
many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any changes
in such assumptions or factors could cause actual results to differ
materially from current expectations. DATASOURCE: Companhia de
Bebidas das Americas CONTACT: investors, Fernando Tennenbaum,
+55-11-2122-1415, or , or Isabella Amui, +55-11-2122-1414, both of
Companhia de Bebidas das Americas Web site:
http://www.ambev.com.br/
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