Rio Tinto To Buy $1.747 Billion Debt Under Any And All Offer - Quick Facts

(RTTNews) - Anglo-Australian mining giant Rio Tinto Plc (RTNTF, RIO, RIO.L, RTPPF) Tuesday announced that Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited have accepted for purchase a total of $1.747 billion in debt pursuant to their Any and All Offer.

The company said the offer commenced on June 7 and expired on June 13.

The purchase is under Rio Tinto's plan to reduce gross debt as part of its ongoing capital management.

Rio Tinto said that $943 million in aggregate principal amount of 6.500 per cent Notes due 2018 will be purchased at a price of $1,108.33 per $1,000 principal amount of notes.

Further, $804 million in aggregate principal amount of 2.250 per cent Notes due 2018 will be purchased at a price of $1,024.36 per $1,000 principal amount of notes.

These exclude $1 million of Any and All Securities that remain subject to the guaranteed delivery procedures described in the Offer to Purchase. The Any and All Securities purchased will be retired and cancelled and no longer remain outstanding.

The settlement date for the Any and All Offer will be June 14, or June 16 in the case of Any and All Securities delivered pursuant to the guaranteed delivery procedures.

In London, Rio Tinto shares were trading at 1,928.50 pence, down 1.18 percent.