Cimic tenders for $500 million 5.95% guaranteed senior notes due 2022

By Susanna Moon

Chicago, June 15 – Cimic Finance (USA) Pty. Ltd., a direct wholly owned subsidiary of Cimic Group Ltd., formerly Leighton Holdings Ltd., said it began a tender offer for its $500 million 5.95% guaranteed senior notes due 2022.

Pricing will be set at 2 p.m. ET on June 19 using a reference yield based on the bid-side price of the 1.625% U.S. Treasury note due Nov. 15, 2022 plus 230 basis points.

The hypothetical purchase price was set at $1,090.27 for each $1,000 of notes using the reference yield based on the bid-side price of the reference Treasury security as of 2 p.m. ET on June 12 and a payment date of June 24, according to a company notice.

The tender offer will end at 5 p.m. ET on June 19.

For more information, holders may contact Hongkong and Shanghai Banking Corp. (888 HSBC-4LM, +852 2822 4100, +44 207 992 6237, +212 525 5552 or liability.management@hsbcib.com) or Societe Generale (+44 207 676 7579 or liability.management@sgcib.com).

D.F. King & Co., Inc. (212 269-5550, cimic@dfking.com or dfking.com/cimic) is the tender agent and information agent.

Cimic Group, formerly Leighton Holdings Ltd., is a St. Leonards, Australia-based company engaged in building, civil engineering, construction, contract mining, telecommunications, environmental services, property development and project management in Australia, Asia, the Middle East and Africa.

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