British American Tobacco Prices $2.5 Billion Notes Offering

British American Tobacco ( (GB:BATS) ) has provided an update.

British American Tobacco has announced the pricing of a $2.5 billion notes offering through its subsidiary, B.A.T Capital Corporation. The offering includes three sets of notes with varying maturities and interest rates, and is expected to close on March 13, 2025. The proceeds from this offering will be used for general corporate purposes, including the potential repayment of existing debt. This strategic move is likely to strengthen BAT’s financial position and support its ongoing transition towards smokeless products, reflecting its commitment to evolving consumer preferences.

More about British American Tobacco

British American Tobacco (BAT) is a leading global multi-category consumer goods business focused on creating a smokeless world. The company aims to have 50 million adult consumers of its smokeless products by 2030 and generate 50% of its revenue from these products by 2035. Its portfolio includes nicotine and smokeless tobacco products such as Vuse, glo, and Velo.

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