CEN
23/06/2015 15:35
GENERAL
NOT PRICE SENSITIVE
REL: 1535 HRS Contact Energy Limited
GENERAL: CEN: Contact returns to US Private Placement market
23 June 2015
Contact returns to US Private Placement market
Contact Energy Limited (Contact) announces that it has raised US$100 million
in long term debt through a private placement with US investors.
The private placement has maturities of eight, ten and twelve years, with a
weighted average term to maturity of approximately ten years. The proceeds
will be drawn down in September 2015 and used to replace bank bridging
facilities put in place earlier in the year.
Proceeds from the issue will be converted into approximately NZ$145 million.
All foreign currency cash flows through to maturity have been hedged back to
New Zealand dollars at floating interest rates.
Contact's Treasurer, Louise Tong said "we are pleased to see continued
support from United States Private Placement (USPP) investors following our
last transaction of US$240 million in March 2013. In refinancing existing
facilities we aim to maintain diversity of funding sources and tenor in our
capital structure and the USPP market supports both of these objectives very
well."
CBA acted as Agent on the transaction.
ENDS
Investor enquiries: Fraser Gardiner 021 228 3688
Media enquiries: Nicholas Robinson 027 705 3831
End CA:00266050 For:CEN Type:GENERAL Time:2015-06-23 15:35:51
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