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CSL Ltd. — Capital/Financing Update 2011
Nov 8, 2011
17854_rns_2011-11-08_c82482cd-dbb9-4636-9d25-440a9a8d616e.pdf
Capital/Financing Update
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9 November 2011
CSL Completes Debt Refinancing
CSL Limited (ASX:CSL) is pleased to announce that it has closed:
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the US$750 million private placement in the US; and
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the equivalent of approximately AU$800 million, at current exchange rates, in new lines of credit with its banks.
The US private placement and the new lines of credit were foreshadowed in CSL’s full year results announcement in August and further details were provided in CSL’s presentations by its Chairman and Managing Director at its Annual General Meeting in October.
As previously announced, these new funds will be used to repay existing debt, to fund CSL’s capital management plan, including the on-market share buyback[i] of up to AU$900 million announced at the Annual General Meeting, and for general corporate purposes and the lines of credit will be drawn down progressively on an as required basis.
For more information about CSL Limited, visit www.csl.com.au
Investor Contact:
Mark Dehring Head of Investor Relations Phone: 61 3 9389 2818 Email: [email protected]
Media Contact: Sharon McHale Snr Director, Public Affairs Phone: +61 409 978 314 Email: [email protected]
i CSL reserves the right to suspend or terminate buy-backs at any time.
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