Sasol Ltd 6-K, filed Mar 12, 2021
Sasol Ltd (SSL)
6-K
2021-03-12
For: 2021-03-12
View Original
Added on
April 11, 2026
About this 6-K
Sasol Ltd filed this 6-K on March 12, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K for 12 March, 2021
Commission File Number 1-31615
Sasol Limited
50 Katherine Street
Sandton 2196
South Africa
(Name and address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F __X__
Form 40-F _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Regulation S-T Rule 101(b)(1):
Yes _____
No __X__
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Regulation S-T Rule 101(b)(7):
Yes _____
No __X__
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes _____
No __X__
ENCLOSURES:
Sens Announcement dated 12 March 2021: Bond Pricing
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(“Sasol” or “the Company”)
PRICING ANNOUNCEMENT
Sasol Limited ("Sasol") herewith announces that its wholly owned subsidiary Sasol Financing
USA LLC (the “Issuer”) has priced an offering of US$-denominated, SEC-registered notes (the
“Notes”), including $650 million of senior notes due 2026 (the “2026 Notes”) and $850 million of
senior notes due 2031 (the “2031 Notes”). The 2026 Notes will bear interest at a rate of 4,375%
per annum. The 2031 Notes will bear interest at a rate of 5,50% per annum. The total orderbook
amounted to approximately $4 600 million, which represents an oversubscription of more than
3 times.
The Notes will be general unsecured obligations of the Issuer and will be fully and
unconditionally guaranteed by Sasol Limited. The offering is expected to close on 18 March 2021,
subject to customary closing conditions. The proceeds of the offering will be used for
partial repayment of outstanding revolving credit facility (RCF) balances and is therefore
leverage neutral.
BofA Securities acted as Global Coordinator. BofA Securities, Citigroup, Mizuho and MUFG
acted as active Joint Book-Running Managers. ABN AMRO, BNP Paribas, Deutsche Bank,
Intesa Sanpaolo, J.P. Morgan, SMBC and UniCredit were appointed as Passive Joint
Book-Running Managers.
The offering is being made only by means of a prospectus supplement and accompanying base
prospectus. A registration statement, preliminary prospectus supplement and accompanying
base prospectus relating to the offering and containing detailed information about Sasol and its
management, as well as financial statements, have been filed with the Securities and Exchange
Commission and are available on its website at http://www.sec.gov. When available, copies of
the final prospectus supplement and accompanying base prospectus for the offering may be
obtained from: BofA Securities, Inc., telephone: +1 800 294 1322; Citigroup Global Markets Inc.,
telephone +1 800 831 9146; Mizuho International plc, telephone:+44 20 7090 6698; or MUFG
Securities Americas Inc., telephone: +1 877 649 6848.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction. The securities being offered have not been approved or disapproved by any
regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the
prospectus supplement, base prospectus or the shelf registration statement.
12 March 2021
Johannesburg
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(“Sasol” or “the Company”)
PRICING ANNOUNCEMENT
Sasol Limited ("Sasol") herewith announces that its wholly owned subsidiary Sasol Financing
USA LLC (the “Issuer”) has priced an offering of US$-denominated, SEC-registered notes (the
“Notes”), including $650 million of senior notes due 2026 (the “2026 Notes”) and $850 million of
senior notes due 2031 (the “2031 Notes”). The 2026 Notes will bear interest at a rate of 4,375%
per annum. The 2031 Notes will bear interest at a rate of 5,50% per annum. The total orderbook
amounted to approximately $4 600 million, which represents an oversubscription of more than
3 times.
The Notes will be general unsecured obligations of the Issuer and will be fully and
unconditionally guaranteed by Sasol Limited. The offering is expected to close on 18 March 2021,
subject to customary closing conditions. The proceeds of the offering will be used for
partial repayment of outstanding revolving credit facility (RCF) balances and is therefore
leverage neutral.
BofA Securities acted as Global Coordinator. BofA Securities, Citigroup, Mizuho and MUFG
acted as active Joint Book-Running Managers. ABN AMRO, BNP Paribas, Deutsche Bank,
Intesa Sanpaolo, J.P. Morgan, SMBC and UniCredit were appointed as Passive Joint
Book-Running Managers.
The offering is being made only by means of a prospectus supplement and accompanying base
prospectus. A registration statement, preliminary prospectus supplement and accompanying
base prospectus relating to the offering and containing detailed information about Sasol and its
management, as well as financial statements, have been filed with the Securities and Exchange
Commission and are available on its website at http://www.sec.gov. When available, copies of
the final prospectus supplement and accompanying base prospectus for the offering may be
obtained from: BofA Securities, Inc., telephone: +1 800 294 1322; Citigroup Global Markets Inc.,
telephone +1 800 831 9146; Mizuho International plc, telephone:+44 20 7090 6698; or MUFG
Securities Americas Inc., telephone: +1 877 649 6848.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction. The securities being offered have not been approved or disapproved by any
regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the
prospectus supplement, base prospectus or the shelf registration statement.
12 March 2021
Johannesburg
Sponsor: Merrill Lynch South Africa Proprietary Limited
Forward-looking statements – Disclaimer: Sasol may, in this document, make certain
statements that are not historical facts and relate to analyses and other information which are
based on forecasts of future results and estimates of amounts not yet determinable. These
statements may also relate to our future prospects, developments and business strategies.
Examples of such forward-looking statements include, but are not limited to, statements
regarding the execution, timing and completion of the offering of the Notes and the use of
proceeds therefrom. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”,
“plan”, “could”, “may”, “endeavour”, “target”, “forecast”, “project” and similar expressions are
intended to identify such forward-looking statements, but are not the exclusive means of
identifying such statements. By their very nature, forward-looking statements involve inherent
risks and uncertainties, both general and specific, and there are risks that the predictions,
forecasts, projections and other forward-looking statements will not be achieved. If one or more
of these risks materialise, or should underlying assumptions prove incorrect, our actual results
may differ materially from those anticipated in such forward-looking statements. You should
understand that a number of important factors could cause actual results to differ materially from
the plans, objectives, expectations, estimates and intentions expressed in such forward looking
statements. These factors are discussed more fully in our most recent annual report on Form
20-F filed on 24 August 2020 and in other filings with the United States Securities and
Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on
forward-looking statements to make investment decisions, you should carefully consider the
foregoing factors and other uncertainties and events and you should not place undue reliance
on forward-looking statements. Forward-looking statements apply only as of the date on which
they are made, and we do not undertake any obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.
MiFIR professionals / ECPs-only / No PRIIPs KID – No PRIIPs/UK PRIIPs key information
document (KID) has been prepared as not available to retail in EEA or the UK. No sales to retail
clients in the EEA or the UK, as defined under MiFID II and UK MiFIR. Manufacturer target
market (UK MiFIR product governance) is eligible counterparties and professional clients only
(all distribution channels).
This communication is being distributed to, and is directed only at, persons in the United
Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000
does not apply.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard
cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million
barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference
to a calendar year is prefaced by the word “calendar”.
Forward-looking statements – Disclaimer: Sasol may, in this document, make certain
statements that are not historical facts and relate to analyses and other information which are
based on forecasts of future results and estimates of amounts not yet determinable. These
statements may also relate to our future prospects, developments and business strategies.
Examples of such forward-looking statements include, but are not limited to, statements
regarding the execution, timing and completion of the offering of the Notes and the use of
proceeds therefrom. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”,
“plan”, “could”, “may”, “endeavour”, “target”, “forecast”, “project” and similar expressions are
intended to identify such forward-looking statements, but are not the exclusive means of
identifying such statements. By their very nature, forward-looking statements involve inherent
risks and uncertainties, both general and specific, and there are risks that the predictions,
forecasts, projections and other forward-looking statements will not be achieved. If one or more
of these risks materialise, or should underlying assumptions prove incorrect, our actual results
may differ materially from those anticipated in such forward-looking statements. You should
understand that a number of important factors could cause actual results to differ materially from
the plans, objectives, expectations, estimates and intentions expressed in such forward looking
statements. These factors are discussed more fully in our most recent annual report on Form
20-F filed on 24 August 2020 and in other filings with the United States Securities and
Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on
forward-looking statements to make investment decisions, you should carefully consider the
foregoing factors and other uncertainties and events and you should not place undue reliance
on forward-looking statements. Forward-looking statements apply only as of the date on which
they are made, and we do not undertake any obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.
MiFIR professionals / ECPs-only / No PRIIPs KID – No PRIIPs/UK PRIIPs key information
document (KID) has been prepared as not available to retail in EEA or the UK. No sales to retail
clients in the EEA or the UK, as defined under MiFID II and UK MiFIR. Manufacturer target
market (UK MiFIR product governance) is eligible counterparties and professional clients only
(all distribution channels).
This communication is being distributed to, and is directed only at, persons in the United
Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000
does not apply.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard
cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million
barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference
to a calendar year is prefaced by the word “calendar”.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited,
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 12 March 2021
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 12 March 2021
By:
/s/ M du Toit
M du Toit
Name:
Title:
Group Company Secretary