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CSL Ltd. — Capital/Financing Update 2015
Oct 8, 2015
17854_rns_2015-10-08_61987b40-e4d6-4fd8-83e7-9b1586e06be3.pdf
Capital/Financing Update
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For immediate release 9 October 2015
New CHF400 Million & USD100 Million US Private Placement
CSL Limited (ASX:CSL; USOTC:CSLLY) - CSL today announced that on 8 October 2015 it has closed a new CHF400 million and USD100 million private placement in the US. The private placement was foreshadowed in CSL’s full year results announcement in August 2015
The private placement consists of several maturities as follows:
| 8-year bullet | 10-year bullet | 10-year bullet | |
|---|---|---|---|
| Amount | CHF150m | CHF250m | USD100m |
| Coupon | 0.755% | 0.955% | 3.63% |
The private placement has a weighted average fixed interest rate of 1.43% and an average life of 9.4 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 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0YearPrivate Placement Bank Debt Leases New PPUS$000FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27----- End of picture text -----
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9 October 2015
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The private placement was well received by investors with a significant level of oversubscription. CSL’s Chief Financial Officer, Mr Gordon Naylor, said, “We were very pleased to achieve a good outcome for the Company. This has been our fourth issue in this market since 2011 and we now have approximately USD2.1 billion of US Private Placement debt outstanding. This market provides CSL with flexibility in funding currencies and maturities. 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 and for general corporate purposes.
For further information, please contact:
Investors: Media: Mark Dehring Sharon McHale Head of Investor Relations Head of Public Affairs CSL Limited CSL Limited Telephone: +613 9389 3407 Mobile +614 0997 8314 Email: [email protected] Email: [email protected]
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