SABMiller – a subsidiary of Anheuser-Busch InBev (AB InBev) – revealed on December 7 that it has completed an exchange offer, via its fully guaranteed subsidiary FBG Treasury Australia, for its outstanding A$700 million (US$519.5 million) of senior notes due August 2020. According to the announcement, 94.36 per cent of eligible noteholders chose to participate in the offer or otherwise vote in respect of the extraordinary resolution.