CSL Limited (ASX:CSL; USOTC:CSLLY) today announced that on 4 October 2017 it closed a new USD700 million private placement in the U.S. The private placement was foreshadowed in CSL’s full year announcement in August 2017.
The new private placement has a weighted average interest rate of 3.36% and an average life of 13.1 years.
The private placement was well received by investors with a significant level of oversubscription. CSL’s Chief Financial Officer, David Lamont, said, “We were very pleased with the outcome of this debt raising and in particular placing 20 year funding. CSL has in excess of US$3.4 billion of debt outstanding in the U.S. Private Placement which demonstrates the markets confidence in our business model. This market continues to provide CSL with great flexibility in terms of funding currencies and maturities and we are grateful for the ongoing support of this important debt market.”
The proceeds from the new debt raisings will be used for general corporate purposes.CSL Announces New Debt Facilities.
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