Chorus amends 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

3 May 2022


Chorus amends syndicated bank facility

Chorus has finalised amendments to its $350m committed bank facility, providing
additional financial flexibility and funding certainty.

The facility covenants have been revised from 4.75 to 5.50 times debt to EBITDA and
2.75 to 2.50 times interest coverage, to better align with the recent changes to
Chorus’ credit rating thresholds.

Chorus has extended the maturity date of the $350 million facility from April 2024 to
April 2025.


Authorised by:

Andrew Carroll
GM, Customer and Network Operations

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