Rio Tinto To Purchase $1.359 Bln Debt

(RTTNews) - Anglo-Australian mining giant Rio Tinto Plc. (RTNTF, RIO, RIO.L, RTPPF) said that, under its plan to reduce gross debt through the early repayment of some near term maturing debt, Rio Tinto Finance USA plc has accepted for purchase a total of $1.359 billion in debt pursuant to its Any and All Offer, which commenced on 21 April 2016 and expired on 27 April 2016.

$339 million in aggregate principal amount of its 2.000 per cent Notes due 2017 will be purchased at a price of $1,006.91 per $1,000 principal amount of notes. $1.020 billion in aggregate principal amount of its 1.625 per cent Notes due 2017 will be purchased at a price of $1,005.85 per $1,000 principal amount of notes. The above amounts exclude $2 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 29 April 2016 or 3 May 2016 in the case of Any and All Securities delivered pursuant to the guaranteed delivery procedures.