DOW
05/03/2015 12:05
GENERAL
PRICE SENSITIVE
REL: 1205 HRS Downer EDI Limited
GENERAL: DOW: A$250 million Medium Term Note issue
Media/ASX and NZX Release
5 March 2015
A$250 MILLION MEDIUM TERM NOTE ISSUE
Downer EDI Limited (Downer) announced today it had priced a new issue of 7
year fixed rate senior unsecured Medium Term Notes. Downer is rated BBB
(Stable) by Fitch Ratings.
The transaction is scheduled to complete on 11 March, 2015.
The issue was oversubscribed but capped at A$250 million at a pricing margin
of 205 basis points over swap, which translates to a fixed rate yield to
maturity of 4.6825%per annum. The scheduled maturity date is 11 March 2022.
The transaction was well supported by investors in both Australia and Asia.
The proceeds will be used to partly refinance the bridge loan facility
entered into for the acquisition of Tenix Holdings Australia Pty Ltd in
October 2014.
National Australia Bank and Westpac Institutional Bank acted as Joint Lead
Managers to the transaction.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470145
Downer EDI Limited (www.downergroup.com) provides services to customers in
market sectors including Mining, Rail, Transport, Utilities, Communications
and Engineering, Construction and Maine, Water and Property sectors across
Australia, New Zealand and the Asia Pacific region.
End CA:00261507 For:DOW Type:GENERAL Time:2015-03-05 12:05:09
(20min delay)