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CSL Ltd. — Capital/Financing Update 2017
Oct 4, 2017
17854_rns_2017-10-04_22616ffb-e03b-48f6-afcb-7c7a5f99f503.pdf
Capital/Financing Update
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For immediate release 5 October 2017
New Debt Facilities
CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that on 4 October 2017 it closed a new USD700 million private placement in the U.S. The private placement was foreshadowed in CSL’s full year announcement in August 2017.
The private placement consists of 4 maturities as follows:
| 10-year bullet | 12-year bullet | 15-year bullet | 20-year bullet | |
|---|---|---|---|---|
| Amount | USD250m | USD200m | US150m | USD100m |
| Coupon | 3.17% | 3.32% | 3.47% | 3.77% |
The new private placement has a weighted average interest rate of 3.36% and an average life of 13.1 years.
The new debt facilities will lengthen the Group’s current debt maturity profile as shown below:
Maturity Profile
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----- Start of picture text ----- 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0YearPrivate Placement Bank Debt Leases New PPUS$FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38----- End of picture text -----
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13 August 2014
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 with the outcome of this debt raising and in particular placing 20 year funding. CSL has in excess of US$3.4 billion of debt outstanding in the U.S. Private Placement which demonstrates the markets confidence in our business model. This market continues to provide CSL with great flexibility in terms of funding currencies and maturities and we are grateful for the ongoing support of this important debt market.”
The proceeds from the new debt raisings will be used 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: [email protected] Mobile +61 412 635 483 Email: [email protected]
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