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CSL Ltd. — Capital/Financing Update 2014
Nov 12, 2014
17854_rns_2014-11-12_7faa0de6-b598-497c-8f3f-34efb458eac8.pdf
Capital/Financing Update
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For immediate release 13 November 2014
New €350 Million Private Placement
CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that on 12 November 2014 it closed a new €350 million private placement in the U.S. The private placement was foreshadowed in CSL’s full year announcement in August 2014
The private placement consists of three maturities as follows:
| 8-year bullet | 10-year bullet | 12-year bullet | |
|---|---|---|---|
| Amount | €100m | €150m | €100m |
| Coupon | 1.65% | 1.93% | 2.10% |
The private placement has a weighted average interest rate of 1.90% and an average life of 10 years. The maturities will fill gaps in the Group’s current debt maturity profile as show below:
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----- Start of picture text ----- Maturity Profile of Debt by Facility 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0YearBank Debt Private Placement Leases New PPUS$000FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27----- End of picture text -----
“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 further
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13 November 2014
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strengthen our debt maturity profile at very attractive long term interest rates. We are grateful for the support of this important debt market which again 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 further information, please contact:
| Investors: | Media: |
|---|---|
| Mark Dehring | Sharon McHale |
| Head of Investor Relations | Senior Director Public Affairs |
| CSL Limited | CSL Limited |
| Telephone: +613 9389 2818 | Telephone: +613 9389 1506 |
| Email:[email protected] | Mobile +614 0997 8314 |
| Email:[email protected] |
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