Attached herewith is a copy of an announcement released to the NZX by Contact Energy today. Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.

Contact Energy announces that it has raised US$240 million in long term debt through a private placement with US investors.

The private placement has maturities of seven, ten, twelve and fifteen years, with a weighted average tenor of 11 years. The proceeds will be drawn down in September and December 2013 and used to refinance maturing debt facilities.

Proceeds from the issue will be converted into approximately NZ$300 million. All foreign currency cash flows through to maturity have been hedged back to New Zealand dollars at floating interest rates.

Contact Energy’s Treasurer, Louise Tong said “that the company has previously accessed this market for longer term funding and was pleased to see continued support from the market. This transaction allows us to extend our debt maturity profile, which suits the long term nature of our business, and maintain a diversity of funding sources. We are especially pleased that we have been able to arrange the funding with deferred starts, enabling us to better match the draw downs with maturing debt.”

Co-Agents on the transaction were CBA and J.P. Morgan/ANZ Securities.


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