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TheStreet Open House

Altria Announces Cash Tender Offer For A Portion Of Its Long-Term Debt

Stocks in this article: MO

The amount of each series of Notes that may be accepted for purchase will be determined in accordance with the Acceptance Priority Levels set forth in the table above and may be prorated as described in the Offer to Purchase. All Notes validly tendered and not validly withdrawn of a series with Acceptance Priority Level 1 up to the purchase sublimit of $1,500,000,000 set forth in the table above (the “Aggregate Maximum Purchase Sublimit”) will be accepted for purchase before any Notes of a series with Acceptance Priority Level 2 are accepted for purchase. Upon the terms and subject to the conditions of the tender offer, if the aggregate principal amount of all Notes with Acceptance Priority Level 1 validly tendered and not validly withdrawn exceeds the Aggregate Maximum Purchase Sublimit, such Notes will be accepted for purchase on a prorated basis as described in the Offer to Purchase, such that the aggregate principal amount of the Notes with Acceptance Priority Level 1 accepted in the tender offer equals the Aggregate Maximum Purchase Sublimit.

Upon the terms and subject to the conditions of the tender offer, Altria will accept for purchase Notes validly tendered and not validly withdrawn with Acceptance Priority Level 2 in an aggregate principal amount up to the Tender Cap remaining available for application to Acceptance Priority Level 2 Notes following the purchase of Acceptance Level Priority 1 Notes, provided that in no event will the aggregate principal amount of Acceptance Priority Level 1 Notes and Acceptance Priority Level 2 Notes purchased exceed the Tender Cap. If the aggregate principal amount of such Acceptance Priority Level 2 Notes validly tendered and not validly withdrawn exceeds the Tender Cap remaining available for application to Acceptance Priority Level 2 Notes following the purchase of Acceptance Level Priority 1 Notes, Altria will accept such Notes for purchase on a prorated basis as described in the Offer to Purchase, in an aggregate principal amount equal to the Tender Cap remaining available for application to Acceptance Priority Level 2 Notes following the purchase of Acceptance Level Priority 1 Notes. Subject to applicable law, Altria has the right to increase or decrease the Tender Cap and/or the Aggregate Maximum Purchase Sublimit at its discretion. Altria may increase or decrease the Tender Cap and/or the Aggregate Maximum Purchase Sublimit after the Withdrawal Deadline (as defined below) without extending the withdrawal rights.

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