CSL (ASX:CSL) prices a new $1.7 billion private placement

Company News

by Rachael Jones

CSL (ASX:CSL) has announced a new $US750 million ($1.17 billion) private placement.

The new debt facilities is to strengthen its current debt maturity profile.

The private placement consists of four maturities: a $US100 million seven-year bullet, a $US300 million 10-year bullet as well as a $US150 million 12-year bullet and a $US200 million 15-year bullet with a weighted average interest rate of 2.68 per cent and an average life of 11.5 years.

CFO David Lamont says the raise was well-oversubscribed by investors and the US Private Placement market continues to provide CSL with good flexibility in terms of maturities.

Shares in CSL (ASX:CSL) are trading 0.72 per cent higher at $308.99