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DOWNER EDI LIMITED — Capital/Financing Update 2008
May 25, 2008
64784_rns_2008-05-25_efd6338e-a26a-44ec-b058-7b2679b4fa69.pdf
Capital/Financing Update
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Company Announcements Platform
Australian Securities Exchange and New Zealand Stock Exchange
Monday, 26 May 2008
Downer EDI completes refinancing of A$ Syndicated Loan Facility
Downer EDI Limited (Downer EDI) today announced that it has completed refinancing of its Australian dollar Syndicated Loan Facility, which was oversubscribed.
Commenting, Downer EDI CFO Peter Reichler said: “We are delighted to confirm that we have refinanced $390 million whilst effectively increasing the maturity profile of the facility. It equates to a refinancing of 34% of our total debt facilities.”
“The deal was well supported by the Group’s domestic and international relationship banks, and we are comfortable with the pricing which is in line with current market rates,” he said.
The company confirmed that its external credit rating was reaffirmed by Fitch Ratings during the syndication process at the investment grade level of BBB- Stable.
Downer EDI Limited (www.downeredi.com) is an ASX top-100 company which provides comprehensive engineering and infrastructure management services to the public and private transport, energy, communications and resources sectors across Australia, New Zealand, Asia Pacific and into the United Kingdom.
Contacts:
Media: Stephen Mockett, General Counsel & GM Corporate Services (02) 9240 9000 or 0400 229 405
Investor Relations: Ross Moffat, General Manager - Investor Relations, (02) 9240 9042 or 0412 256 224
T 61 2 9251 9899 F 61 2 9251 1987 W www.downeredi.com E [email protected]
Level 3, 190 George Street Sydney NSW 2000 PO Box N692 Grosvenor Place NSW 1220
Downer EDI Limited ACN 003 872 848