The securities were issued by Foster's wholly owned subsidiary, Foster's Finance Corp. and are fully and unconditionally guaranteed by Foster's Group Limited. The issue is rated Baa1 by Moody's and BBB+ by Standard & Poor's.
The net proceeds from the offering of the notes will be used to repurchase some or all of the company's US$200 million 6.75% Notes due 2005 and up to €120 million of the company's €300 million 5.75% Medium Term Notes due 2005, the tender of which was advised to the market on 24 September 2004.
The note offering is a further step in the Group's previously announced intention to restructure a portion of its interest rate and debt maturity profile.
This announcement does not constitute an offer of securities for sale in Australia, the United States, or any other jurisdiction. Any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities.
Media
Lisa Keenan
Tel: +613 9633 2265
Mob: 0409 150 771
Michael Roberts
Tel: +613 9633 2273
Mob: 0407 391 829
