DOW 0.00% 48.4¢ downer edi limited ordinary shares

Ann: GENERAL: DOW: US Private Placement Issue

  1. lightbulb Created with Sketch. 2
    					DOW
    12/06/2015 08:30
    GENERAL
    NOT PRICE SENSITIVE
    REL: 0830 HRS Downer EDI Limited
    
    GENERAL: DOW: US Private Placement Issue
    
    11 June 2015
    
    US PRIVATE PLACEMENT ISSUE
    
    Downer EDI Limited (Downer) announced today it had priced a new issue of 10
    year fixed rate senior unsecured US Private Placement Notes. Two tranches of
    Notes were issued, with one denominated in US dollars for an amount of US$100
    million and the other in Australian dollars for A$30 million.
    
    The proceeds will be used for general corporate purposes and will extend the
    duration of Downer's debt portfolio.
    
    The issue was oversubscribed but was capped at the above amounts and fully
    hedged into fixed rate Australian dollars for the 10 year term at a pricing
    level which is in line with current market.
    
    This transaction marks the first time Downer has returned to the US capital
    markets since 2004 and was well supported by major US institutional
    investors.
    
    J.P. Morgan Securities LLC and ANZ Securities, Inc. acted as Lead Placement
    Agent and Co-Placement Agent, respectively.
    
    The transaction remains subject to execution of final documentation and is
    scheduled to complete on 8 July 2015.
    
    Downer is rated BBB (Stable) by Fitch Ratings.
    
    For further information please contact:
    Michael Sharp, Group Head of Corporate Affairs and Investor Relations
      +61 439 470145
    Luke Thrum, Manager Investor Relations
      +61 459 828720
    
    Downer EDI Limited (Downer) is a leading provider of services to customers in
    markets including Transportation, Mining, Energy and Industrial Engineering,
    Utilities, Communications and Facilities. Downer employs about 20,000 people,
    mostly in Australia and New Zealand but also in the Asia-Pacific region,
    South America and Southern Africa.
    End CA:00265580 For:DOW    Type:GENERAL    Time:2015-06-12 08:30:52
    				
 
watchlist Created with Sketch. Add DOW (NZSX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.