CSL Ltd. — Capital/Financing Update 2016

Oct 13, 2016

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For immediate release 14 October 2016

New Debt Facilities

CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that on 13 October 2016 it closed a new USD550 million private placement in the US. The private placement was foreshadowed in CSL’s full year announcement in August 2016.

The private placement consists of 3 maturities as follows:

	10-year bullet	12-year bullet	15-year bullet
Amount	USD150m	USD200m	USD200m
Coupon	2.87%	2.97%	3.12%

The new private placement has a weighted average interest rate of 3.0% and an average life of 12.5 years.

As announced at our recent Annual General Meeting, CSL has also closed a new debt facility with two of its existing banks. This new facility was for AUD350 million bank facility and has a three year maturity. The terms and conditions of the new facility are similar to CSL’s existing bank debt facilities.

The new debt facilities will lengthen the Group’s current debt maturity profile as show below:

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Maturity Profile of Debt by Facility
600,000
500,000
400,000
300,000
200,000
100,000
0
Year
Private Placement Bank Debt Leases New PP New Bank Debt
US$000
FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
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14 October 2016

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Page 2

The private placement was well received by investors with a significant level of oversubscription. CSL’s Chief Financial Officer, David Lamont, said, “We were very pleased to achieve an excellent outcome for the Company, this has been our fifth issue in this market since 2011 and we now have in excess of USD2.7 billion of US Private Placement debt outstanding. This market provides CSL with great flexibility in terms of funding currencies and maturities. We are grateful for the ongoing support of this important debt market which again has recognised the sustainability of our business model.”

The proceeds from the new debt raisings 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	Jemimah Pentland
Head of Investor Relations	Head of Asia Pacific Communications
CSL Limited	CSL Limited
Telephone: +613 9389 3407	Telephone: +613 9389 3417
Email: mark.dehring@csl.com.au	Mobile +61 412 635 483
	Email:jemimah.pentland@csl.com.au

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