Foster's (FBG Finance Limited and FBG Treasury (Aust) Limited) today announced the successful repurchase of US$118,650,000 of its outstanding 15/11/05 6.75% US$200,000,000 notes and €120,000,000 of its 17/03/05 5.75% €300,000,000 notes pursuant to tender offers announced to the market on 23 September 2004. Further details of these transactions are included as attachments A and B to this announcement.
In addition to the above tenders, Foster's has also repurchased US$40,000,000 of its outstanding 15/6/11 6.875% US$500,000,000 notes.
The purchases of the abovementioned securities will be funded by the net proceeds of a US$300,000,000 offering of 4.875% notes due October 1, 2014, announced by the Group on 29 September 2004.
All of these activities relate to the Group's previously announced intention to restructure a portion of its interest rate and debt maturity profile.
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This release is not an offer to purchase or a solicitation of an offer to sell any securities, which was made only pursuant to the Offer to Purchase dated September 23, 2004.
Media
Lisa Keenan
Tel: +613 9633 2265
Mob: 0409 150 771
Investor Relations:
Michael Roberts
Tel: +613 9633 2273
Mob: 0418 263 199
Attachments A and B (PDF, 95 Kb)
