Ann: ALLOT: DOW: Downer Completes A$150 Million M

• Release Date: 30/05/13 10:30
• Summary: ALLOT: DOW: Downer Completes A$150 Million Medium Term Note Issue
• Price Sensitive: No
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DOW
30/05/2013 08:30
ALLOT

REL: 0830 HRS Downer EDI Limited

ALLOT: DOW: Downer Completes A$150 Million Medium Term Note Issue

Media/ASX and NZX Release
29 May 2013
DOWNER COMPLETES A$150 MILLION MEDIUM TERM NOTE ISSUE

Downer EDI Limited (Downer) announced today it had successfully completed a
new issue of fixed rate senior unsecured Medium Term Notes.

The issue was oversubscribed but capped at A$150 million and completed at a
pricing margin of A$ Swap + 260 basis points, which translates to a fixed
rate yield to maturity of 5.96% per annum over the 5.5 year term of the
transaction. The scheduled maturity date is 29 November 2018.

The proceeds will be used to refinance an existing A$150 million Note issue
maturing in October 2013. The existing Notes had an original term of four
years and a margin over
A$ Swap + 375 basis points and a fixed rate yield to maturity of 9.77% per
annum.

The issue received strong support from both domestic and international
investors with about 40% of the final book allocated to offshore accounts.

Today's announcement follows last month's successful refinancing of Downer's

A$400 million Syndicated Credit Facility and completes the refinancing of the
Group's major debt transactions until the end of the 2014 financial year.  As
a consequence of closing these two transactions, Downer's weighted average
debt maturity has been extended from 1.6 years to 2.9 years (measured as at
31 December 2012).

The Hongkong and Shanghai Banking Corporation, Sydney Branch and Westpac
Banking Corporation were Joint Lead Managers on the Medium Term Note issue.

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 comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Telecommunications, Water
and Property sectors across Australia, New Zealand and the Asia Pacific
region.
End CA:00236821 For:DOW    Type:ALLOT      Time:2013-05-30 08:30:19