#United States #Houston #Tender Offer #Debt Securities #Sasol Financing

Sasol Financing USA LLC Announces Completion of Cash Tender Offer

On April 7, 2026, Sasol Financing USA LLC (NYSE: SSL) formally revealed the results of its previous cash tender offer for its outstanding debt securities, specifically targeting the 6.500% Notes due 2028, commonly referred to as the 2028 Notes. This initiative is part of Sasol's strategic efforts to optimize its financial framework and ensure the robust management of its debt, which aligns with its long-term operational objectives.

Tender Offer Overview

The tender offer, which commenced with a detailed Offer to Purchase dated March 30, 2026, explicitly aimed at acquiring all outstanding 2028 Notes held by eligible investors. As per the terms outlined in the Offer to Purchase and a related Notice of Guaranteed Delivery, the company has communicated the results as of April 6, 2026, where it was reported that a substantial principal amount of $236,000,000 in 2028 Notes was tendered under the necessary procedures.

Key Statistics:

• - Total Principal Amount Outstanding: $750,000,000
• - Aggregate Principal Amount Validly Tendered: $416,204,000
• - Aggregate Principal Amount Accepted for Purchase: $416,204,000
• - Total Consideration Offered: $1,012.50 per $1,000 principal amount of 2028 Notes

These notes are traded on the New York Stock Exchange, making them easily accessible to a wide range of investors. The offer provides a strategic opportunity for them to liquidate their securities at a favorable rate while also aiding Sasol in optimizing its debt profile.

Financing Condition and Next Steps

Notably, the acceptance of these tendered 2028 Notes is contingent on the successful completion of a Debt Financing effort, which Sasol hopes to accomplish by raising at least $750,000,000. The company anticipates that the financing will close on April 10, 2026, coinciding with the expected settlement date for the accepted notes.

Should everything proceed as planned, holders of the accepted 2028 Notes will receive their compensation on April 10, incorporating accrued interest from the most recent applicable payment date up to the Settlement Date. This move is indicative of Sasol’s intent to maintain a healthy balance sheet and manageable debt levels moving forward.

Investor Information and Assistance

Investors who have queries about the tender offer terms or require assistance with tendering their securities are encouraged to reach out to the designated financial advisors. J.P. Morgan Securities plc and MUFG Securities EMEA plc have been appointed for managing inquiries related to the offer.

Additionally, Kroll Issuer Services Limited acts as the official tender agent for the process, providing necessary support for guidance and procedural clarity. They can be contacted directly by investors needing assistance or clarification on the relevant processes.

Conclusion

The recent developments surrounding Sasol Financing USA LLC's tender offer highlight the company's proactive approach in handling its financial obligations and securing its operational future. As Sasol continues to execute its financing strategies, maintaining transparency with investors remains a top priority, thus fostering a solid foundation for sustained growth.

In conclusion, Sasol's tender offer is a significant milestone in its financial recalibration efforts, potentially paving the way for enhanced liquidity and operational agility.