NSW Ports Finance Co. Pty Ltd.'s Proposed US$300 Million Senior Secured Notes Rated 'BBB'

SYDNEY (Standard&Poor's) March 3, 2015--Standard&Poor's Ratings Services said today that it has assigned its 'BBB' foreign long-term issue credit rating to the proposed US$300 million guaranteed senior secured medium-term notes to be issued by NSW Ports Finance Co. Pty Ltd., the finance subsidiary of the NSW Ports group of companies. The notes are expected to be issued in the U.S. private placement market, with a target maturity in the 10-to-12 year range. The rating is subject to review of the final terms of the issuance and receipt of all relevant documents. The notes, once issued, will be senior secured obligations of the issuer, supported by guarantees from the NSW Ports group of companies and will benefit,

...SYDNEY (Standard & Poor's) March 3, 2015--Standard & Poor's Ratings Services said today that it has assigned its '###' foreign long-term issue credit rating to the proposed US$300 million guaranteed senior secured medium-term notes to be issued by NSW Ports Finance Co. Pty Ltd., the finance subsidiary of the NSW Ports group of companies. The notes are expected to be issued in the U.S. private placement market, with a target maturity in the 10-to-12 year range. The rating is subject to review of the final terms of the issuance and receipt of all relevant documents. The notes, once issued, will be senior secured obligations of the issuer, supported by guarantees from the NSW Ports group of companies and will benefit, on a pari passu basis, from the same security package available to all other senior debt holders. The final issued amount and maturity, including potential issuance of more than one tranches, will be determined based on investors' feedback but all proceeds (net of transaction...

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