New US$500 million Private Placement

New US$500 million Private Placement

Melbourne, Australia — 28/03/2013

CSL Limited (ASX:CSL) is pleased to announce that on 27 March 2013 it closed a new US$500m Private Placement in the US. The Private Placement was foreshadowed in CSL’s half year announcement in February 2013. 

The Private Placement consists of four maturities, as follows: 

 5-yr Bullet 7-yr Bullet10-yr Bullet 12-yr Bullet
Amount US$100mUS$150mUS$150mUS$100m
Coupon 2.07%2.57%3.20% 3.32%

The Private Placement has a weighted average interest rate of 2.81% and average life of 8.5 years. The maturities achieved will fill gaps in the Group’s current debt maturity profile as shown 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 significantly strengthen our debt maturity profile at very attractive long term interest rates. We are grateful for the support of this important debt market which 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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Investor Contact:
  Mark Dehring
  Head of Investor Relations
  CSL Limited
  Phone: +613 9389 2818
Media Contact:
  Sharon McHale
  Senior Director Public Affairs
  CSL Limited
  Mobile: +614 0997 8314

© 2017 CSL Limited