Refinance of Syndicated Sustainability Linked Loan facility

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Media/ASX and NZX Release
6 December 2023

DOWNER COMPLETES REFINANCING OF SYNDICATED SUSTAINABILITY LINKED
LOAN FACILITY

Downer EDI Limited (Downer) today announced it had successfully completed the refinancing of $500 million
of its $1.4 billion syndicated sustainability linked loan facility (Facility).

The Facility comprises four separate tranches with different maturities. Refinancing of the $500 million
tranche maturing in November 2024, the shortest time left to maturity, was launched in October 2023.

In addition, Downer has also established a new sustainability linked financing framework, which will further
strengthen the Group’s sustainability credentials by supporting the issuance of sustainability linked loans and
contingent instruments, such as bank guarantees and performance bonds, across the Group’s broader
financing portfolio.

The Chief Financial Officer of Downer, Malcolm Ashcroft, welcomed the successful refinancing, which
materially improves Downer’s debt maturity profile.

“The refinancing reduces Downer’s medium-term refinancing risks, provides a more balanced debt maturity
profile, and confirms the strength of Downer’s balance sheet,” Mr Ashcroft said.

“Establishment of the new sustainability linked financing framework is also important, as it enables both
existing and future financings to be designated as sustainability linked, providing greater alignment between
the Group’s financing and sustainability strategies. This highlights Downer’s ongoing commitment to strong
sustainability performance and investment in our people.”

Mr Ashcroft thanked the bank group for their support of the new facility, which received strong backing from
the Group’s relationship financiers.

The refinancing was jointly arranged by the Mandated Lead Arrangers and Bookrunners Australia and New
Zealand Banking Group Limited, Mizuho Bank, Ltd, MUFG Bank, Ltd, and Westpac Banking Corporation,
with Australia and New Zealand Banking Group Limited and MUFG Bank, Ltd also acting as Sustainability
Co-ordinators.

Downer Group is rated BBB (Negative Outlook) by Fitch Ratings.


Authorised for release by Downer’s Chief Financial Officer, Malcolm Ashcroft.

For further information please contact:
Media: Mitchell Dale, General Manager Corporate Affairs +61 448 362 198
Investors: Adam Halmarick, Group Head of Investor Relations +61 413 437 487

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. 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 DOWNER
www.downergroup.com