New €350 Million Private Placement

New €350 Million Private Placement

Melbourne, Australia — 13/11/2014

CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that on 12 November 2014 it closed a new €350 million private placement in the U.S. The private placement was foreshadowed in CSL’s full year announcement in August 2014.

The private placement consists of three maturities as follows: 

 8-year bullet10-year bullet 12-year bullet
Amount€100m €150m€100m

The private placement has a weighted average interest rate of 1.90% and an average life of 10 years. The maturities will fill gaps in the Group’s current debt maturity profile as show below:

Maturity Profile of Debt by Facility

“The private placement was well received by investors with a significant level of oversubscription.” CSL’s Chief Financial Officer, Gordon Naylor, said, “We were very pleased to achieve a good outcome for the Company, which has enabled us to further strengthen our debt maturity profile at very attractive long term interest rates. 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, including on-market buybacks, and for general corporate purposes.

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For further information, please contact:

  Mark Dehring
  Head of Investor Relations
  CSL Limited
  Phone: +613 9389 2818
  Sharon McHale
  Senior Director Public Affairs
  CSL Limited
  Mobile: +61 409 978 314

© 2016 CSL Limited