Issuer Free Writing Prospectus Dated August 16, 2012
Filed Pursuant to Rule 433
Registration Statement No. 333-182102-01
LORILLARD TOBACCO COMPANY
Term Sheet
August 16, 2012
2.300% Senior Notes due 2017
Issuer: | Lorillard Tobacco Company | |
Guarantor: | Lorillard, Inc. | |
Ratings*: | Baa2 stable outlook / BBB- stable outlook / BBB stable outlook | |
Security Type: | Senior Notes | |
Ranking: | Senior Unsecured | |
Trade Date: | August 16, 2012 | |
Settlement Date: | August 21, 2012 | |
Denominations/Multiple: | $2,000 minimum principal amount and integral multiples of $1,000 in excess thereof | |
Redemption Provisions: | If a change of control triggering event occurs, the Issuer will be required to make an offer to purchase the notes at a purchase price of 101% of the aggregate principal amount of the notes, plus accrued and unpaid interest, if any, to the date of repurchase | |
Bookrunners: | Barclays Capital Inc. J.P. Morgan Securities LLC RBS Securities Inc. Fifth Third Securities, Inc. Goldman, Sachs & Co. Wells Fargo Securities, LLC | |
Title: | 2.300% Senior Notes due 2017 | |
Size: | $500,000,000 | |
Maturity Date: | August 21, 2017 | |
Coupon: | 2.300% | |
Benchmark Treasury: | 0.500% due July 2017 | |
Benchmark Treasury Yield: | 0.832% | |
Spread to Benchmark: | +150 bps | |
Re-offer Yield: | 2.332% | |
Price to Public: | 99.850% | |
Interest Payment Dates: | February 21 and August 21 | |
First Payment Date: | February 21, 2013 | |
CUSIP: | 544152 AF8 | |
ISIN: | US544152AF89 | |
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
The issuer and guarantor have filed a registration statement (including a prospectus) with the SEC for the offering (File Numbers 333-182102 and 333-182102-01) to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays Capital Inc. by calling 1-888-603-5847; from J.P. Morgan Securities LLC by calling (collect) 1-212-834-4533 and from RBS Securities Inc. by calling 1-866-884-2071.
