ABB prices $ 1.5 billion bond issue in the US

ABB, the leading power and automation technology group, announced that it has priced the $ 1.5 billion bond offering it launched yesterday via its finance subsidiary ABB Finance (USA) Inc.

This new bond offering in the U.S. consists of three tranches with maturities of 2, 5 and 10 years:

  • $ 300 million 2.80% notes due 2020
  • $ 450 million 3.375% notes due 2023
  • $ 750 million 3.80% notes due 2028

The bonds will be registered with the U.S. Securities and Exchange Commission, and will be guaranteed by ABB Ltd, the ultimate parent company of the ABB Group.

The net proceeds of the issue are planned to be used for general corporate purposes, including the funding of a portion of the purchase price of ABB’s pending acquisition of General Electric Company’s Industrial Solutions business.

The offering is expected to close on April 3, 2018, subject to customary closing conditions.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees.

IMPORTANT INFORMATION

The offering of the notes is being made under an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus and related prospectus supplement. A copy of the preliminary prospectus supplement, the final prospectus supplement (when available) and the accompanying prospectus relating to the offering of the notes are available by visiting the EDGAR database on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, nor shall there be any offer, solicitation or sale of the notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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