NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OF AMERICA (EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS)
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
JOHANNESBURG, April 28,
2023 /PRNewswire/ -- Sasol Limited is pleased to
announce that its wholly owned subsidiary Sasol Financing
USA LLC (the Issuer) has priced an
offering of US$-denominated, Rule 144A / Regulation S notes, being
US$1 000 million of notes due 2029
(the Notes). The Notes will bear interest at a rate of 8.750% per
annum. The orderbook peaked above US$2,3
billion, which represents an oversubscription of more than
2,3 times.
The Notes will be general unsecured obligations of the Issuer
and will be fully and unconditionally guaranteed by Sasol Limited.
The offering is expected to close on 3 May
2023, subject to customary closing conditions. The
proceeds of the offering
will be used for repayment of existing indebtedness,
and general corporate purposes.
"This successful placement is another important step in
pro-actively managing our balance sheet and maintaining a strong
liquidity position. As a result of this transaction we have now
fully pre-funded our March 2024 bond
maturity, and this follows the recent extension of our US dollar
loan maturity to 2028," said Hanré
Rossouw, Chief Financial Officer, Sasol Limited.
Citigroup and SMBC Nikko acted as Joint Global Coordinators. IMI
– Intesa Sanpaolo, J.P. Morgan, BofA Securities, Mizuho Securities,
MUFG, Standard Chartered Bank acted as Joint Bookrunners.
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Officer
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com
Disclaimer
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
The offering of the Notes will be made pursuant to an
exemption under Regulation (EU) 2017/1129 (as amended or
superseded) (the Prospectus Regulation), as implemented in Member
States of the European Economic Area, from the requirement to
produce a prospectus for offers of securities. This announcement
does not constitute an advertisement for the purposes of the
Prospectus Regulation.
This announcement is not for publication or distribution,
directly or indirectly, in or into the
United States. The Notes have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the
Securities Act), or any U.S. state security laws. Accordingly, the
Notes are being offered and sold in the
United States only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act and outside
the United States to non-US
persons in accordance with Regulation S under the Securities Act.
The Notes referred to herein may not be offered or sold in
the United States absent
registration under the Securities Act, or an exemption from
registration. Any public offering of securities to be made in
the United States will be made by
means of a prospectus that may be obtained from the issuer and that
will contain detailed information about the company and management,
as well as financial statements.
The offering of the Notes will be made pursuant to an
exemption under the UK Financial Services and Markets Act 2000 and
Regulation (EU) 2017/1129 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018 (the UK
Prospectus Regulation) from the requirement to produce a prospectus
for offers of securities. This announcement does not constitute an
advertisement for the purposes of the UK Prospectus
Regulation.
MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer
target market (MIFID II product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as not available to retail in EEA.
UK MiFIR professionals/COBS ECPs-only/No UK PRIIPs KID –
Manufacturer target market (UK MiFIR product governance) is
eligible counterparties and professional clients only (all
distribution channels). No UK PRIIPs key information document (KID)
has been prepared as not available to retail in UK.
The documentation detailing the investment or investment
activity to which this announcement relates to has not been
approved by an authorized person in the United Kingdom and is for distribution only to
persons who (i) have professional experience in matters relating to
investments falling within Article 19(5) of the UK Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the Financial Promotion Order), (ii) are persons falling
within Articles 49(2)(a) to (d) (high net worth companies,
unincorporated associations, etc.) of the Financial Promotion
Order, (iii) are outside the United
Kingdom or (iv) are persons to whom an invitation or
inducement to engage in investment activity within the meaning of
Section 21 of the UK Financial Services and Markets Act 2000 in
connection with the issue or sale of any securities may otherwise
lawfully be communicated or caused to be communicated (all such
persons together being referred to as 'relevant persons'). The
documentation detailing the investment or investment activity is
directed only at relevant persons and must not be acted on or
relied on by persons who are not relevant persons. Any investment
or investment activity to which this announcement relates to is
available only to relevant persons and will be engaged in only with
relevant persons.
Forward-looking statements
Sasol may, in this document, make certain statements that are
not historical facts that relate to analyses and other information
which are based on forecasts of future results and estimates of
amounts not yet determinable. These statements may also relate to
our future prospects, expectations, developments and business
strategies. Words such as "believe", "anticipate", "expect",
"intend", "seek", "will", "plan", "could", "may", "endeavour",
"target", "forecast" and "project" and similar expressions are
intended to identify such forward-looking statements but are not
the exclusive means of identifying such statements. By their very
nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and there are risks that
the predictions, forecasts, projections and other forward-looking
statements will not be achieved. If one or more of these risks
materialise, or should underlying assumptions prove incorrect, our
actual results may differ materially from those anticipated. You
should understand that a number of important factors could cause
actual results to differ materially from the plans, objectives,
expectations, estimates and intentions expressed in such
forward-looking statements. These factors are discussed more fully
in our most recent annual report on Form 20-F filed on August 31, 2022 and in other filings with the
United States Securities and Exchange Commission. The list of
factors discussed therein is not exhaustive; when relying on
forward-looking statements to make investment decisions, you should
carefully consider both these factors and other uncertainties and
events, and you should not place undue reliance on forward-looking
statements. Forward-looking statements apply only as of the date on
which they are made and we do not undertake any obligation to
update or revise any of them, whether as a result of new
information, future events or otherwise.
View original
content:https://www.prnewswire.com/news-releases/sasol-issues-us-dollar-senior-notes-301810544.html
SOURCE Sasol Limited