Downer and Spotless complete refinancing

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Media/ASX and NZX Release
16 May 2018
DOWNER AND SPOTLESS COMPLETE COMBINED A$1.3 BILLION REFINANCING
Downer EDI Limited (Downer) announced today it had successfully completed a total refinancing of
A$1.3 billion comprising a A$400 million syndicated debt facility for Downer and a A$900 million syndicated
debt facility for Spotless Group Holdings Limited (Spotless).

The Downer A$400 million facility is a committed revolving facility comprised of a A$200 million four year
tranche and a A$200 million five year tranche. The Spotless A$900 million facility is also a committed
revolving facility, with A$420 million maturing in three years and A$480 million maturing in four years.

Syndication of the debt facilities was launched in March 2018 and received strong support from a range of
domestic and international financiers, comprising existing and new lenders, with both facilities significantly
oversubscribed.

The Chief Financial Officer of Downer, Michael Ferguson, said the refinancing has achieved its key
objectives of extending the maturity profile of the Group’s borrowings, particularly Spotless, adding to the
diversity of the Group’s lenders and providing an overall reduction in borrowing costs.

“Downer appreciates the continued support from its long term relationship banks and welcomes the new
lenders who have supported the syndicated facilities,” Mr Ferguson said. “This refinancing will increase the
maturity of Downer’s debt from 2.8 years to 3.6 years and Spotless’ debt from 1.7 years to 3.3 years.”

Mr Ferguson said Downer’s credit strength and majority equity interest in Spotless were pivotal to the
successful refinancing of the Spotless debt.

The facilities were jointly arranged by Australia and New Zealand Banking Group Limited, BNP Paribas,
Commonwealth Bank of Australia, Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank Ltd
and MUFG Bank, Ltd.

Downer Group is rated BBB (Stable) by Fitch Ratings.



For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +612 439 470145


About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. Downer employs approximately 56,000 people across more
than 300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America
and Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit
downergroup.com.
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNE
R
www.downergroup.com