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Goodman successfully transacts US$500 million senior unsecured note issue

Friday, 16 March 2012

Goodman Group (Goodman or Group) today announces that it has successfully priced its third debt issue of US$500 million in the 144A/Reg S bond market.

The senior, unsecured notes have an effective fixed cost of 6.0% (excluding issue costs) for a term of 10 years. Proceeds of the issue will be used primarily to repay existing borrowings and accordingly do not impact on the Group's gearing levels.

Goodman's Group Chief Financial Officer, Nick Vrondas said: "We are pleased with the continued support from investors in the US debt capital markets. This third 144A/Reg S bond issue builds on the Group’s ongoing implementation of our capital management strategy and demonstrates our commitment to diversifying debt funding sources and extending our debt maturity profile."

-ENDS-

For further information, please contact Goodman: Nick Vrondas
Group Chief Financial Officer
Tel +61 2 9230 7400

The securities referenced above will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements