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GOODMAN GROUP — Capital/Financing Update 2011
Mar 24, 2011
64998_rns_2011-03-24_a78580e2-2ddd-4ff4-b725-8538a89236db.pdf
Capital/Financing Update
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Goodman successfully transacts US$500 million senior, unsecured note issue
| Date | 25 March 2011 |
|---|---|
| Release | Immediate |
Goodman Group (Goodman or Group) today announces that it has successfully priced its second debt issue of US$500 million in the 144A/Reg S bond market.
The senior, unsecured notes have an effective fixed cost of 6.375% (excluding issue costs) for a term of 10 years. Proceeds of the issue will be used primarily to repay existing borrowings and accordingly do not impact on the Group's gearing levels.
Goodman's Group Chief Financial Officer, Nick Vrondas said: "This second 144A/Reg S bond issue follows our inaugural US$325 million debt issue announced last November. It continues to build on the ongoing implementation of our stated capital management initiatives and demonstrates our commitment to diversifying our debt funding sources and extending our debt maturity profile."
-ENDS-
For further information, please contact Goodman: Nick Vrondas Group Chief Financial Officer Tel +61 2 9230 7400
About Goodman: Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman International Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
The securities referenced above will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements
Level 10, 60 Castlereagh Street, Sydney NSW 2000 | GPO Box 4703, Sydney NSW 2001 Australia Tel +61 2 9230 7400 | Fax +61 2 9230 7444 | [email protected] | www.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621 as responsible entity of Goodman Industrial Trust ARSN 091 213 839