WINSTON-SALEM, N.C., Feb. 17 /PRNewswire-FirstCall/ -- Reynolds American Inc. announced the expiration of the offer by R.J. Reynolds Tobacco Holdings, Inc., its direct, wholly owned subsidiary, to exchange up to $300.0 million aggregate principal amount of newly issued 6.500% Secured Notes Due 2010, and up to $200.0 million aggregate principal amount of newly issued 7.300% Secured Notes Due 2015, registered under the Securities Act of 1933, for a like principal amount of its outstanding notes issued on June 29, 2005, in a private offering. These newly issued notes and the outstanding notes have materially identical terms, except that the newly issued notes are not subject to restrictions on transfer.
The exchange offer expired at 5:00 p.m. New York City time on February 14, 2006.
At the completion of the exchange offer, $300 million aggregate principal amount, or 100 percent, of the privately placed 6.500% Secured Notes Due 2010, and $200 million, or 100 percent, of the privately placed 7.300% Secured Notes Due 2015, had been validly tendered for exchange and not withdrawn. R.J. Reynolds Tobacco Holdings, Inc. has accepted all notes validly tendered and not withdrawn as of the expiration of the exchange offer.
R.J. Reynolds Tobacco Holdings, Inc. made the exchange offer to satisfy its obligations under a registration rights agreement entered into with the initial purchasers of the outstanding, privately placed notes at the time these notes were issued.
This announcement is not an offer to sell any securities, nor a solicitation of any offer to buy any securities. The exchange offer was made only pursuant to R.J. Reynolds Tobacco Holdings, Inc.'s prospectus dated January 10, 2006, which was filed with the Securities and Exchange Commission as part of R.J. Reynolds Tobacco Holdings, Inc.'s Registration Statement on Form S-4.
Reynolds American Inc. is the parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J. Reynolds Tobacco Company, the second- largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the country. The company's brands include five of the 10 best-selling U.S. brands: Camel, Kool, Winston, Salem and Doral. Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes and other tobacco products for U.S. and international markets. Lane Limited manufactures several roll-your-own, pipe tobacco and little cigar brands, and distributes Dunhill tobacco products. R.J. Reynolds Global Products, Inc. manufactures, sells and distributes American-blend cigarettes and other tobacco products to a variety of customers worldwide. Copies of RAI's news releases, annual reports, SEC filings and other financial materials are available at http://www.reynoldsamerican.com/.
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FCMN Contact: woodt@rjrt.com
