TIDMBHP

RNS Number : 4875L

BHP Group Limited

06 September 2023

Exchange release

Date 6 September 2023

BHP Prices US Bond Offer

BHP Group Limited (BHP) has conducted a bond offer and successfully priced US$4.75 billion of senior unsecured bonds in the US market.

The bonds will be issued by BHP Billiton Finance (USA) Limited, a wholly owned subsidiary of BHP, under BHP's US debt registration statement, which was filed with the US Securities and Exchange Commission on 22 February 2023. The bonds will be guaranteed by BHP.

The bond offer comprises five tranches of bonds. The principal amount, tenor and coupon for each tranche of bonds are:

   --      US$850 million three-year bonds priced at a fixed coupon of 5.250% maturing in 2026 
   --      US$700 million five-year bonds priced at a fixed coupon of 5.100% maturing in 2028 
   --      US$900 million seven-year bonds priced at a fixed coupon of 5.250% maturing in 2030 
   --      US$1.5 billion ten-year bonds priced at a fixed coupon of 5.250% maturing in 2033 
   --      US$800 million thirty-year bonds priced at a fixed coupon of 5.500% maturing in 2053

BHP intends to use the proceeds from the bonds, together with cash on hand, if applicable, to repay the acquisition facility used for the acquisition of OZ Minerals Ltd and for other general corporate purposes.

Settlement of the bonds is expected to occur on 8 September 2023, subject to customary closing conditions.

This announcement is not an offer to sell or the solicitation of an offer to buy securities. The offer is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC"). The offer is being made only by means of a prospectus and related prospectus supplement. The prospectus and related preliminary prospectus supplement may be obtained by visiting the SEC's website at www.sec.gov. Alternatively, you may request these documents by calling Citigroup Global Markets Inc. at 1--800-831-9146, Deutsche Bank Securities Inc. at 1-800-503-4611, Goldman Sachs & Co. LLC at 1--866-471-2526, J.P. Morgan Securities LLC at 1-212-834-4533 or Scotia Capital (USA) Inc. at 1--800-372-3930.

No offer to sell, invitation or the solicitation of an offer to purchase, or invitation to purchase these securities will be made, nor shall any sale of these securities be made, in any jurisdiction in which such offer, invitation, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Authorised for release by Stefanie Wilkinson, Group Company Secretary.

 
 Contacts 
----------------------------------------------------------------- 
 Media                             Investor Relations 
  media.relations@bhp.com           investor.relations@bhp.com 
 Australia and Asia                Australia and Asia 
  Gabrielle Notley                  John-Paul Santamaria 
  +61 411 071 715                   +61 499 006 018 
 Europe, Middle East and Africa    Europe, Middle East and Africa 
  Neil Burrows                      James Bell 
  +44 7786 661 683                  +44 7961 636 432 
 Americas                          Americas 
  Renata Fernandaz                  Monica Nettleton 
  +56 9 8229 5357                   +1 (416) 518-6293 
 BHP Group Limited 
  ABN 49 004 028 077 
  LEI WZE1WSENV6JSZFK0JC28 
  Registered in Australia 
  Level 18, 171 Collins Street 
  Melbourne 
  Victoria 3000 Australia 
  Tel: +61 1300 55 4757 Fax: +61 
  3 9609 3015 
  BHP Group is headquartered in 
  Australia 
 
  bhp.com

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END

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September 06, 2023 02:00 ET (06:00 GMT)

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