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Reynolds American Inc. Commences Registered Exchange Offers

The following excerpt is from the company's SEC filing.

Winston-Salem, N.C. November 18, 2015:

Reynolds American Inc. (NYSE: RAI) announced the commencement of exchange offers for:

up to $414,793,000 of its new 3.500% Senior Notes due 2016 (the new 2016 notes) for up to $414,793,000 of its existing 3.500% Senior Notes due 2016 (the old 2016 notes);

up to $447,092,000 of its new 2.300% Senior Notes due 2017 (the new 2017 notes) for up to $447,092,000 of its existing 2.300% Senior Notes due 2017 (the old 2017 notes);

up to $668,689,000 of its new 8.125% Senior Notes due 2019 (the new 2019 notes) for up to $668,689,000 of its ex isting 8.125% Senior Notes due 2019 (the old 2019 notes);

up to $641,462,000 of its new 6.875% Senior Notes due 2020 (the new 2020 notes) for up to $641,462,000 of its existing 6.875% Senior Notes due 2020 (the old 2020 notes);

up to $473,689,000 of its new 3.750% Senior Notes due 2023 (the new 2023 notes) for up to $473,689,000 of its existing 3.750% Senior Notes due 2023 (the old 2023 notes);

up to $236,748,000 of its new 8.125% Senior Notes due 2040 (the new 2040 notes) for up to $236,748,000 of its existing 8.125% Senior Notes due 2040 (the old 2040 notes); and

up to $240,197,000 of its new 7.000% Senior Notes due 2041 (the new 2041 notes) for up to $240,197,000 of its existing 7.000% Senior Notes due 2041 (the old 2041 notes).

RAI originally issued the old 2016 notes, the old 2017 notes, the old 2019 notes, the old 2020 notes, the old 2023 notes, the old 2040 notes and the old 2041 notes (collectively, the old notes) in private offerings, not registered under the Securities Act of 1933, as amended (the Securities Act), on July 15, 2015. The old notes were issued in exchange for notes originally issued by Lorillard Tobacco Company.

In connection with the issuance of the old notes, RAI entered into a registration rights agreement in which it undertook to offer to...


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