asx release
10 September 2020
TRANSURBAN SUCCESSFULLY PRICES
US$900 MILLION ISSUANCE IN THE 144A / Reg S MARKET
Transurban announces that Transurban Finance Company Pty Limited, Transurban Group's financing vehicle, has priced US$900 million of senior secured 10.5 year notes ("Notes") in the 144A / Reg S Market.
The Notes priced on 9th September 2020 (New York time) and settlement is expected to occur on 16th September 2020 (New York time), subject to customary closing conditions. All proceeds will be swapped into Australian dollars at a fixed interest rate and will be used to assist with funding our development pipeline and for general corporate purposes. The Notes will rank equally with Transurban's existing senior secured debt facilities and will mature in March 2031.
Transurban CFO Adam Watson said of the transaction: "We received strong support from our US and Asian investors and continue to see this market as an attractive source of funding to support our development pipeline and capital management strategy. Pricing was attractive and well inside Transurban Group's average cost of funding."
Investor enquiries | Media enquiries |
Tess Palmer | Sarah Chapman |
Head of Investor Relations | Manager, Media and Communications |
+61 458 231 983 | +61 400 841 898 |
This announcement is authorised by Transurban CEO, Scott Charlton.
Classification | Transurban Group | |
Transurban International Limited | ||
ABN 90 121 746 825 | ||
Transurban Holdings Limited | ||
ABN 86 098 143 429 | Level 31 | |
Transurban Holding Trust | Tower Five, Collins Square | |
ABN 30 169 362 255 | 727 Collins Street | |
ARSN 098 807 419 | Docklands | |
Victoria 3008 Australia | ||
corporate@transurban.com | Telephone +613 8656 8900 | |
www.transurban.com | Facsimile +613 8656 8585 |
Attachments
- Original document
- Permalink
Disclaimer
Transurban Group Ltd. published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2020 08:29:06 UTC