Leighton Holdings Ltd
(ASX:LEI) has completed a US$350 million private placement.
The company issued US$350 million worth of guaranteed senior notes in the United States, with maturity terms ranging from five to ten years.
Leighton reports that the placement was taken up by 18 US and one Australian institutional investor.
CFO Peter Gregg says that the private placement was undertaken to further diversify and extend the maturity profile of the company’s core debt portfolio.
Mr Gregg says Leighton’s balance sheet remains exceptionally strong with the company remaining focussed on driving growth through selective equity stakes, acquisitions and funding capital intensive activities such as mining.
Last week Leighton secured a $700 million contract adjustment in a southern Mongolian coal mine.
Leighton Holdings reported a profit of $440 million for the year ending 30 June 2009.
