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CSL Ltd. — Capital/Financing Update 2013
Mar 27, 2013
17854_rns_2013-03-27_f1cfe177-8e08-43e8-806a-a33f5496aac1.pdf
Capital/Financing Update
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For immediate release 28 March 2013
New US$500 million Private Placement
CSL Limited (ASX:CSL) is pleased to announce that on 27 March 2013 it closed a new US$500m Private Placement in the US. The Private Placement was foreshadowed in CSL’s half year announcement in February 2013.
The Private Placement consists of four maturities, as follows:
| 5-yr Bullet | 7-yr Bullet | 10-yr Bullet | 12-yr Bullet | |
|---|---|---|---|---|
| Amount | US$100m | US$150m | US$150m | US$100m |
| Coupon | 2.07% | 2.57% | 3.20% | 3.32% |
The Private Placement has a weighted average interest rate of 2.81% and average life of 8.5 years. The maturities achieved will fill gaps in the Group’s current debt maturity profile as shown below:
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Page 2
28 March 2013
The Private Placement was well received by investors with a significant level of oversubscription. CSL’s Chief Financial Officer, Gordon Naylor, said, “We were very pleased to achieve a good outcome for the Company, which has enabled us to significantly strengthen our debt maturity profile at very attractive long term interest rates. We are grateful for the support of this important debt market which has recognised the sustainability of our business model.”
The proceeds from the Private Placement will be used to fund the Group’s capital management plan, including on-market buybacks, and for general corporate purposes.
For more information about CSL Limited, visit www.csl.com.au
Investor Contact:
Mark Dehring Director 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]
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