Chorus extends syndicated bank facility
Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand
Email: company.secretary@chorus.co.nz
STOCK EXCHANGE ANNOUNCEMENT
17 April 2020
Chorus extends syndicated bank facility
Chorus has today announced it has entered into an extension to its $550m committed
bank facility, providing financial flexibility and funding certainty.
Under the amendments Chorus has extended the $350m tranche by 11 months to April
2023, with a commitment stepdown to NZ$290 million for the period from May 2022 to
April 2023. Chorus has also extended the existing $200m tranche by 11 months to April
2025. Only $35 million of the facility is currently drawn.
The $550 million facility is supported by seven Australasian and global banks. Chorus
CFO David Collins said, “
Chorus is very pleased to have extended the existing bank facility,
which will continue to support potential future funding needs. Chorus appreciates the
ongoing support of the banking syndicate.”
Authorised by:
David Collins
Chief Financial Officer
ENDS
For further information:
Steve Pettigrew
Head of External Communications
Mobile +64 (27) 258 6257
Email: Steve.Pettigrew@chorus.co.nz
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: Brett.Jackson@chorus.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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